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Press Release: GSMA Report Highlights That Mobile Money Accounts Now Exceed One Billion Worldwide
The GSMA yesterday unveiled the annual ‘State of the Industry Report on Mobile Money’, offering a view of the mobile money landscape and highlighting the impact that greater financial inclusion has on lives, economies and innovation, especially in emerging markets.
- Categories
- Finance
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Covid-19 attack limits MFI outreach
Microfinance firms are slowing down new loan disbursements in the country’s rural heartland as a direct fallout of the coronavirus outbreak. They are also facing non-repayment from borrowers whose earnings may take a hit as the country goes into lockdown to combat the spread of coronavirus.
- Categories
- Coronavirus, Finance
- Tags
- microfinance
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How Bridge Loans Can Aid Nonprofits and Social Enterprises Through the Covid-19 Crisis
“We sometimes refer to our work as the everyday emergency room of impact—our borrowers are coming to us during a time of crisis when something outside their control has gone wrong,” says Maya Winkelstein, chief executive officer of Open Road Alliance, a philanthropic initiative based in New York.
- Categories
- Coronavirus, Finance
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Zimbabwe’s Lack of Cash for Once Is a Good Thing
“It’s a big advantage,” Eddie Cross, a member of the central bank’s monetary policy committee, said of the cashless environment. Reserve Bank Governor John Mangudya last week urged lenders to ensure uninterrupted continuity with all digital banking platforms, which were the “safest and most secure forms” of transacting.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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How Can Inclusive Finance Help in a Pandemic?
We were huddled in a routine team discussion at FSD Kenya when we received news of the first confirmed Covid-19 case in Kenya. We began thinking about how we could help our communities through the uncertainty and how the financial sector can help navigate these challenging times.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Coronavirus Will Be Even Worse For Low-Income People And Businesses, But Fintechs Can Help
Around the world, financially insecure people are fundamentally more susceptible to financial shocks like coronavirus, and the current crisis is bringing the challenges this population faces into stark relief. Innovative, inclusive fintech is crucial for weathering this pandemic
- Categories
- Coronavirus, Finance
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Press Release: JPMorgan Chase Makes $50 Million Philanthropic Investment to Help Address Immediate and Long-Term Impacts of COVID-19
JPMorgan Chase announced a $50 million global philanthropic commitment to address the immediate public health and long-term economic challenges from the COVID-19 global pandemic.
- Categories
- Coronavirus, Finance
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Press Release: VisionFund International Brings Financial Inclusion to Refugees in West Nile Settlements
VisionFund is the first microfinance organisation to serve refugee groups at scale with group loans in Palorinya settlement.
- Categories
- Finance
- Region
- Sub-Saharan Africa