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Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back
Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.
- Categories
- Coronavirus, Finance
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Press Release: Grameen Foundation, J.P. Morgan Deliver COVID-19 Relief to Filipina Entrepreneurs
Grameen Foundation announced the launch of its COVID-19 RELIEF (Response to Enhance Livelihoods of Individual Entrepreneurs and Families) in the country to provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.
- Categories
- Coronavirus
- Region
- South Asia
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Central Bank of Zambia Approves k2.3 Billion for Businesses to Remain Afloat
THE Bank of Zambia (BoZ) has approved K2.3 billion for microfinance institutions and commercial banks to help businesses remain afloat amid the coronavirus impact.
Association of Microfinance Institutions in Zambia (AMIZ) president Jetty Lungu said loan applications valued at K4.6 billion were made by microfinance institutions and commercial banks and only K2.3 billion was approved.- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Indian MFIs See 50% Recovery in June as Rural Borrowers Avoid Using Moratorium
A majority of MFI borrowers have the option to avail moratorium till the end of August.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Western Union in Frame for Moneygram Buy
Remittance giant Western Union became the latest name linked with a buyout of rival MoneyGram, which has been the subject of numerous acquisition attempts in the last four years.
- Categories
- Coronavirus, Finance
- Region
- North America
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Solar Costs Have Fallen 82% Since 2010
Between 2010 and 2019, the amount of global solar capacity rose from 40 GW to 580 GW, according to Irena – a growth factor of 14. During the same period, module prices fell 90% and balance of system (BoS) costs also decreased, if less steeply.
- Categories
- Coronavirus, Energy
- Tags
- renewable energy
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COVID-19 and the Pursuit of Financial Inclusion in Pakistan
When Pakistan implemented a national lockdown in mid-March, economic activity for the world’s fifth most populous country was brought to a halt. In a country where nearly 40% of people live in poverty and more than 24 million workers either earn daily or piece-rate wages or are self-employed, the ensuing economic crisis has hit the population hard.
- Categories
- Coronavirus, Finance, Technology
- Region
- South Asia
- Tags
- impact investing
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Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost
Competitive power generation costs make investment in renewables highly attractive as countries target economic recovery from COVID-19, new IRENA report finds.
- Categories
- Coronavirus, Energy
- Tags
- renewable energy