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Annapurna Microfinance raises $5M in Series B funding
Odisha-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 30 crore (around $5 million) in a Series B round of funding led by Belgian Investment Company for Developing Countries (BIO), with participation from the existing investor Incofin Investment Management's Rural Impulse Fund II.
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- Impact Assessment
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Central Bank of Nigeria gives room for microfinance bank mergers and acquisitions
There is an expectation of stronger microfinance banks (MFBs) in the country if the micro institutions that could not meet with their recapitalisation requirements, successfully engage and conclude with mergers and acquisition as they are directed by the Central Bank of Nigeria (CBN).
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- Uncategorized
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Opportunity International & The MasterCard Foundation Plan To Help 7M Out of Poverty With $22.7M Partnership
Opportunity International is a non-profit microfinance organization established in 1971. Over the last 42 years OI has provided $6 billion in microfinance loans and has reached over 5 million clients in 22 countries. In 2009, The MasterCard MA -1.08% Foundation and the Bill & Melinda Gates Foundation partnered with OI and co-funded a $16 million project to expand access to saving accounts and agricultural loans in Sub-Saharan Africa.
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- Impact Assessment
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Innovative business model introduced to benefit oil palm farmers
B-BOVID, an agribusiness based on social entrepreneurship principles, is introducing a unique profit-sharing concept to its oil palm enterprise which, will greatly benefit local farmers and their communities.
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- Agriculture, Technology
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Why Insurers are Looking to Kenya’s Low-Income Earners for New Business
Low-income earners have traditionally been underserved when it comes to being provided with avenues to manage the risks they face every day.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Thomson Reuters release Islamic Social Finance Report
Thomson Reuters has released the Islamic Social Finance Report 2014 in collaboration with the Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group.
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- Impact Assessment
- Region
- North Africa & Near East
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OPINION: India’s Mor Report on Financial Inclusion Doesn’t Focus Enough on Expanding Access to Credit
The Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households (the Nachiket Mor Committee on financial inclusion) has delivered a detailed report in a very short time.
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- Uncategorized
- Region
- South Asia
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Microfinance 2.0: Different Methodology Could Reshape Industry
A recent paper published by Harvard Business School and EY advocates for taking a more scientific approach to evaluating the impacts of microfinance programs.
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- Impact Assessment
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