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Press release: Evidence for competitive financial performance of impact investing through private debt highlighted by new study
A new report by the Global Impact Investing Network (GIIN) and Symbiotics, which analyzes the performance of impact investing through private debt, finds that private debt funds seeking positive impact can offer very stable returns across various risk-return strategies.
- Categories
- Investing
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Kazakhstan to get huge IFC loan for its microfinance
International Finance Corporation (IFC), a member of the World Bank Group, is providing a senior syndicated loan of $82 million equivalent in Kazakh tenge to “Microfinance organization “KMF” LLC, a leading Kazakh microfinance institution, to boost lending to micro and small enterprises, including women entrepreneurs and customers in rural areas of Kazakhstan, the press service of IFC said in a message.
- Region
- Europe & Eurasia
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IDB Launches Initiative to Promote Savings for Retirement in Latin America and the Caribbean
According to the IDB, most workers in Latin America and the Caribbean are not saving for retirement, which will make it difficult for them to have a good life when they reach old age, especially for low-income and independent workers.
- Region
- Latin America
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Amazon’s Internet is a new lightweight browser app for emerging markets
The aptly named app is the latest product to emerge from Amazon, and it’s an Android web browser meant specifically for emerging markets. On Google Play, the full name of the app is “Internet: Fast, lite and private,” and it promises to be “lighter than the competition.”
- Categories
- Technology
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Nigeria’s mobile money scheme crawls at 1% penetration
After about five years of operation in Nigeria, mobile money has only been able to attract just one per cent penetration.
- Categories
- Inclusive Fintech
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Global Findex: Technology Can Bridge Financial Inclusion Gap
A new World Bank report based on data collected in partnership with Gallup shows that 1.2 billion adults worldwide have opened a bank account since 2011, including 515 million in the past three years. Globally, 69% of adults -- 3.8 billion people -- now have an account at a bank or with a mobile money provider.
- Categories
- Inclusive Fintech, Technology
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Press release: Bamboo Capital Partners exits from Mibanco, Latin America’s largest microfinance provider
Bamboo’s investment in Mibanco via its Financial Inclusion Fund I (FIF I) is Bamboo’s most significant investment to date. Following the investment, which made Bamboo the largest minority shareholder, the firm held a seat at Mibanco’s board where it provided strategic input and guidance throughout the investment period.
- Source
- Press release
- Categories
- Investing
- Region
- Latin America
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China’s VC firm LUN Partners leads $4.5m Series B in fintech firm MFS Africa
The funding round makes MFS Africa, operator of the largest digital payments network in Africa, the first African fintech company to receive funding from a China-based VC, according to a statement released on Wednesday.
- Categories
- Inclusive Fintech, Investing
- Region
- Sub-Saharan Africa
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News via @AfricanReview (link opens in a new window): @EIB (link opens in a new window) and @IMFNews (link opens in a new window) join forces to boost #financialinclusion (link opens in a new window) in #Africa (link opens in a new window):… https://t.co/yb1PrX5pYP (link opens in a new window) -
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