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Pakistan Government to Set up $75 Million Fund for Small Borrowers, Microentrepreneurs
The government has decided to set up a $75-million fund at the State Bank of Pakistan for borrowers interested in setting up small businesses, which is also expected to attract people to vote for the ruling Pakistan Muslim League-Nawaz (PML-N) in the upcoming general elections.
- Region
- South Asia
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Press release: Center for Financial Services Innovation Launches “U.S. Financial Health Pulse”
“CFSI first explored the concept of financial health using a landmark research project that found a majority of American households were financially unhealthy,” said Jennifer Tescher, founder and CEO of CFSI. “The U.S. Financial Health Pulse is the next phase in a critical effort to advance financial health in America.”
- Source
- Press release
- Region
- North America
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Engie and Fenix to bring affordable power to the Africans living off-grid
Engie Africa and off-grid energy company Fenix International have closed their acquisition agreement, a move that aims to provide safe and affordable energy to millions of households across Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Terra Incognita: Africa’s Crypto Boom Is Just Getting Started
Africa is often a forgotten continent in the tech world. However, blockchain is set to boom in a big way across the landscape; in fact, it has already begun to.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, cryptocurrency
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How poor rural women drove Bandhan Bank’s spectacular stock market debut
Bandhan Bank, established less than three years ago, is one of India’s newest banks. Still, it just completed a highly successful initial public offering, or IPO, which has put it at the forefront of Indian banking.
- Region
- South Asia
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Spate Of Defaults In Microfinance Securitisation Transactions Raises Concern in India
The similarity of borrowers from microfinance institutions (MFIs), in terms of their vulnerability to socio political events, financial literacy and credit behaviour, renders the microfinance sector susceptible to any kind of adverse idiosyncratic event and more so in case of a system-wide event such as demonetisation.
- Region
- South Asia
- Tags
- lending, microfinance
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Islamic Development Bank looks to expand its support of innovation and entrepreneurship
The Islamic Development Bank annual meetings are underway this week in Tunisia, and one of the themes being discussed is social innovation.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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How mobile loan platforms have lured Kenyans into debt trap
Just as a sluggish economy in which exports have underperformed has forced Kenya to arrange for another credit to settle a loan that was maturing, tough economic times such as poor business performance, lay-offs, or delayed salary have seen digital borrowers struggle to repay their loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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