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Transforming Microcredit After COVID-19: Why ‘Building Back Better’ Will Require a Radical Reboot of Local Financial Systems in the Global South
Microcredit advocates have expressed the expectation that the industry can play a major role in economic and social recovery in the Global South after the COVID-19 pandemic. But economist Milford Bateman argues that shifting these micro-lending programs into community-owned financial institutions would make a more substantial impact. He shares a roadmap for empowering community-focused economies, and explores how a plan modeled after elements of the U.S.'s New Deal could transform local finance.
- Categories
- Coronavirus, Finance
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Creation Investments Sets up India-Focused $100 Million Debt Fund
Global impact investor Creation Investments Capital Management LLC has set up a debt fund in India, for which it will raise $100 Mn to invest in the country.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: ImpactAssets’ Tenth IA 50 Impact Fund Listing Reveals Growing Market and Innovative Managers
Industry’s first publicly available, searchable resource of impact investing fund managers sees record number of applicants and assets, reflecting the innovation and exponential growth that the IA 50 has helped to spotlight over the past decade.
- Categories
- Investing
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Kinara Capital Secures $10 Million in Funding From IndusInd Bank
Kinara Capital on Monday said it has secured $10 million in funding from IndusInd Bank, with a 100% guarantee from the US International Development Finance Corporation (DFC).
- Categories
- Investing
- Region
- Asia Pacific
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Analysis: Kenya Is Becoming a Global Hub of Fintech Innovation
Powered by smartphones and social apps, China has used remote payments and the digitization of money management to build a steady vehicle of financial inclusion. But it may not be the leader for long.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaian Smallholder Farmers
AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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World Bank Calls for Unbiased Infrastructure Policy in Ethiopia
“To benefit fully from competition does not mean offering preferential treatment to Ethio Telecom but rather creating a level playing field on which it can compete fairly with its new rivals,” argued Dione.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Digital Lending Platform KreditBee Secures $75 Million in Series C
Bangalore-based digital lending startup KreditBee has raised US$75m in a Series C funding round, with participation from Premji Invest and others
- Categories
- Technology
- Region
- Asia Pacific
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