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Cambodia Microfinance Association Members Have Restructured $1.4 Billion in Loans During the Pandemic
Financial institutions that are members of the Cambodia Microfinance Association (CMA) restructured some $1.397 billion in loans for 289,422 borrowers as of February 28 since the National Bank of Cambodia (NBC) on March 27 issued a circular on loan restructuring during Covid-19, according to CMA.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Land Bank of the Philippines Lends Over $143 Million to MSMEs and Co-Ops for COVID-19
The Land Bank of the Philippines (LANDBANK) has approved loans totaling P6.95 billion for 227 borrowers composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives that are affected by the impact of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Amartha Bags US $50 Million Debt Financing to Provide Working Capital to Female Entrepreneurs in Rural Indonesia
Amartha, an Indonesian P2P lending platform focused on women micro-entrepreneurs, announced today it has secured a US$50 million debt financing from US-based Lendable.
- Categories
- Uncategorized
- Region
- South Asia
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Philippines Offers Nurses in Exchange for Vaccines From Britain, Germany
The Philippines will let thousands of its healthcare workers, mostly nurses, take up jobs in Britain and Germany if the two countries agree to donate much-needed coronavirus vaccines, a senior official said on Tuesday.
- Categories
- Coronavirus, Health Care
- Region
- South Asia
- Tags
- employment, vaccines
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[Updated] Erudifi Raises US $5 Million Series A to Grow Its ‘Study Now, Pay Later’ Model in Indonesia, Philippines
[Updated] Erudifi Raises Us$5m Series a to Grow Its 'Study Now, Pay Later' Model in Indonesia, Philippines
- Categories
- Education, Technology
- Region
- South Asia
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Financing a ‘Green’ Economic Reboot, Recovery From Pandemic
Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments.
- Categories
- Coronavirus, Environment
- Region
- South Asia
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Analysis: What’s Ahead? Southeast Asia Startup and Venture Capital Ecosystems 2021
Venture Capitalists (VCs) believe in capitalizing on disruptive innovation and developing technologies to displace older technologies, create new markets, and prepare the world for unexpected situations (e.g., global pandemics)–even if not all the startups and industries that VCs invest in may do so.
- Categories
- Investing, Technology
- Region
- South Asia
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Fintech Points the Way to Full Financial Inclusion for Cambodians
With more cellphones existing in the Kingdom than citizens and one of the youngest populations in the world, Cambodia’s mobile financial industry may be poised to bring the Kingdom’s deficit in financial inclusion to an end. This potential tipping point could mean the end to Cambodia’s status as one of the most underbanked nations in the world, according to experts.
- Categories
- Finance
- Region
- South Asia
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