-
The Central Bank of Nigeria to Establish MFI Fund
The Central Bank of Nigeria (CBN) says it will establish a microfinance development fund to promote accessibility to financial services for low income earners, just as it is planning a review of the 2005 Microfinance Policy. Kingsley Moghalu, the deputy governor, financial system stability, said this yesterday at the opening of the 5th Annual Microfinance Conference and Entrepreneurship Awards, adding that the policy review would be announced soon. Mr. Moghalu said the policy is c...
- Region
- Sub-Saharan Africa
-
Majority of Microfinance Beneficiaries are Women
AMMAN - Vast majority of loans for micro projects in Jordan were extended to female entrepreneurs over the past few years, a recent study showed Sunday. According to the Arab Microfinance Regional Report, launched yesterday, women borrowers for micro projects represented over 70 per cent of total people who had access to micro credit facilities. Experts from lending institutions expected the trend of funding schemes run mainly by women to continue in the coming years. During...
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Infographic: A New Gold Rush in Africa
While Africa’s resource wealth continues to lure the bulk of foreign investment, the rise of a new consumer class is beginning to shift the balance. See country-by-country data on foreign investment, GDP and more. ...
- Region
- Sub-Saharan Africa
-
Creation Investments Closes Global MFI Fund at $32M
Creation Investments Social Ventures Fund I, a global microfinance-focused private equity fund, has made a final close at $31.8 million. The fund is now eyeing investments in Asia, besides Latin America and Eastern Europe. The Fund’s investor base includes 74 US and European institutional investors along with family offices and high net worth individuals. Creation Investments Capital Management, LLC, is headquartered in Chicago, Illinois. The fund has till date deployed half of this...
- Categories
- Uncategorized
- Tags
- microfinance
-
Muhammad Yunus: Sacrificing Microcredit for Megaprofits
In the 1970s, when I began working here on what would eventually be called "microcredit," one of my goals was to eliminate the presence of loan sharks who grow rich by preying on the poor. In 1983, I founded Grameen Bank to provide small loans that people, especially poor women, could use to bring themselves out of poverty. At that time, I never imagined that one day microcredit would give rise to its own breed of loan sharks. But it has. And as a result, ...
- Region
- South Asia
-
We are Proud to Partner with SAP: Prof. Yunus
One year after the devastating earthquake in Haiti, SAP continues to invest in immediate housing assistance and long-term economic development activities that will improve the short- and long-term living conditions of Haitians and help develop sustainable businesses and income opportunities. SAP is working to positively transform lives and society through its expertise, software and investments, and partnerships with Nobel Peace Prize Laureate Professor Muhammad Yunus and the Grameen Creative...
-
NetSuite Donates Cloud Services to Social Enterprises
NetSuite , the SaaS business management solution vendor, is a publicly traded and profitable corporation. But NetSuite has a softer side, too - specifically, NetSuite.org, the company’s corporate citizenship program that gives away NetSuite subscriptions for free to social enterprises. That is, enterprises, both non-profit and otherwise, who use market forces to achieve a soci...
- Categories
- Uncategorized
-
Acumen Fund Co-Invests $2.2 Million in Ugandan Cotton Ginnery
The New York-based Acumen Fund --a non-profit investment firm that seeks social and financial returns while helping reduce global poverty--is now in the East African country of Uganda. The Gulu Agricultural Development Company (GADC) will receive $2.2 million from a co-investment between Acumen Fund and Root Capital, with the goal of improving the company’s organic cotton output and helping civil war refugees in...
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.