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This Indonesian Microfinance Startup Wants to Put Loan Sharks Out of Business
In Indonesia, 203 million people are classified as poor, living on less than US$4.50 per day. This group of consumers is not the section of the economic pyramid that conventional banks and insurance companies tend to prioritize, despite their making up the majority of the archipelago’s population. This is a problem Aidil Zulkifli, co-founder and CEO of UangTeman, hopes to solve.
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- Uncategorized
- Region
- Asia Pacific
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Microfinance, Health Care Institutions Partner to Improve Maternal Health for 800,000 Women in the Philippines
CARD Mutually Reinforcing Institutions (CARD MRI), the Microcredit Summit Campaign, and Freedom from Hunger announced that under the “Healthy Mothers, Healthy Babies” program, some 800,000 women have received maternal health education in the past 5 months and 3600 women have received healthcare in the past 12 months. The project aims to improve maternal health alongside their microfinance services in the Philippines, accelerating achievement of UN Millennium Development Goal 5.
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- Education, Health Care
- Region
- Asia Pacific
- Tags
- microfinance
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Tapping New Sources to Raise Funds on Healthcare Research
Low- and middle-income countries (LMICs) have been left out on technology investments in healthcare research due to the huge financial needs and difficulties in sourcing them.
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- Education, Health Care
- Region
- Asia Pacific
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A Hundred Apps Bloom in China as Millions Bank on Their Phones
Consumers are skipping straight from cash to mobile finance.
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- Technology
- Region
- Asia Pacific
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Alibaba Launches Mobile App in China to Lower Entry Barriers to Investing
Alibaba Group Holding Ltd.’s finance affiliate unveiled a wealth-management app on Tuesday to help less well-heeled Chinese buy into hundreds of funds and track stocks from Hong Kong to the Nasdaq off their smartphones.
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- Technology
- Region
- Asia Pacific
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Asia Pacific leads the way as mobile payments head towards US $1 trillion
Mobile payments globally will rocket to US$1 trillion in value by 2017, up from an estimated $500 million this year.
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- Uncategorized
- Region
- Asia Pacific
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Rising Fintech Investment in Asia Suggests Room for Bitcoin Opportunities
More and more companies are tapping into the Asian market when it comes to financial technology investment, as the region has seen growth in remittances while some countries have weak banking sectors. This opens up a market gap that could make room for bitcoin opportunities later on.
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- Uncategorized
- Region
- Asia Pacific
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OPINION: Asian Infrastructure Investment Bank – Much ado about very little
For the AIIB to be an effective political instrument, it needs to be a successful financial and development institution. That will be very hard to fully pull off.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- lending