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Indonesia: IFC proposes to provide up to $50m debt to microfinance institution MBK
The funding is expected to support the growth of the company’s microfinance portfolio, mainly targeting underserved rural women borrowers
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- microfinance
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Crowdfunding is a critical source of alternative financing for SMEs in Malaysia
According to findings of its research study released on Wednesday, the key priorities to boost crowdfunding include building an informed community among small business owners and the general public, grooming entrepreneurs.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- crowdfunding
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Report: Shift to innovative financing necessary to achieve 2030 SDGs
“It is imperative to implement innovations that can divert private capital toward development objectives to help bridge the SDG financing gap,” UN Undersecretary-General and Executive Secretary of Escap Shamshad Akhtar said.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- global development, SDGs
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Snapcart raises $10M to shed light on consumer spending in emerging markets
Co-founded by four executives including CEO Reynazran Royono, who previously worked as a consultant for Procter & Gamble and Boston Consulting, the startup uses the humble receipt to track consumer spending with deeper clarity than is currently done in Southeast Asia and other emerging markets.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech
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Shift to ‘innovative’ financing to achieve 2030 SDGs pushed
If countries in Asia and the Pacific, like the Philippines, will achieve the Sustainable Development Goals (SDGs) by 2030, their governments must turn to innovative financing models. In a report, the United Nations Economic and Social Commission for Asia and the Pacific (Unescap) and Korea’s Science and Technology Policy Institute (Stepi) said meeting the SDGs worldwide could amount to $2.5 trillion.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
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Bringing social change to the dinner table, one rice bowl at a time
“I wouldn’t say I intended to venture into social entrepreneurship, but I’ve always wanted to make a difference. It took me about 15 years to really start this (Siam Organic) and prior to that, I was thinking about tackling the various problems faced by the world,” Neil tells The Edge.
- Categories
- Agriculture
- Region
- Asia Pacific
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In Cambodia, a bold teaching program draws on international models and local context
The program is the first of its kind in Cambodia, where founder Siv Monirath, or Moni, hopes the global model can gain a foothold in his country. A staunch advocate for educational equality, Moni has firsthand experience of the difference that the right or wrong type of schooling can make.
- Categories
- Education
- Region
- Asia Pacific
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Press release: Indonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
The digital fiat currency solution initiative is to be part of Indonesia’s FinTech regulatory sandbox designed to promote and facilitate financial technology innovation in the country. While multiple mobile money solutions exist in Indonesia, the lack of interoperability and challenges to regulate them have hindered the adoption and development of digital financial services and true financial inclusion for all Indonesians. The eCurrency solution overcomes these challenges.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech