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Press Release: FINCA Impact Finance Secures $15 million Revolving Loan Facility from Calvert Impact Capital
Additional liquidity will bolster the financial network’s ability to deliver financial services to low-income entrepreneurs.
- Categories
- Finance
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Heifer International Joins Libra Association to ‘Support Financial Inclusion’
Global nonprofit Heifer International is joining the Libra Association, it announced Monday, becoming the 23rd official member of the organization.
- Categories
- Finance, Technology
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World Bank Group Plans $12M Loan to Mongolia Microfinance Company
With the deal, Transcapital will be able to provide more access to finance for small enterprises and underserved individuals, especially women and people living outside the capital of Ulaanbaatar, IFC said.
- Categories
- Finance
- Region
- Asia Pacific
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Coronavirus Could Spark Demand for E-Wallets, Digital Banks in LatAm
The coronavirus outbreak could drive financial inclusion in Latin America, as governments look for agile partners to distribute state aid and large segments of the informal economy grapple with restricted access to cash.
- Categories
- Coronavirus, Finance
- Region
- Latin America
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Brazil Undertakes Massive Tech-Enabled Financial Inclusion Exercise With “Coronavoucher”
Millions of unbanked citizens are receiving the government's emergency financial aid through a mobile app.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Report: Over 500 Million Mobile-Money Users Expected in Africa in 2020
With 50 million new accounts created on the continent in 2019 and a 12% increase in registered users, Africa is by far the leading continent for mobile-money services. However, growth is uneven from one region to another.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Safaricom, Vodacom Acquire M-PESA Payments Platform
“Our joint venture will allow Vodacom and Safaricom to drive the next generation of the M-PESA platform, an intelligent, cloud-based platform for the smartphone age. It will also help us to promote greater financial inclusion and help bridge the digital divide within the communities in which we operate.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Reducing the Costs of Migration: How Better Data Can Lead to Better Policy – and Better Prices – in Migrant Remittances
International migration has become a pressing global issue, and one that's likely to grow in the coming years. One way to help economies absorb migrants with minimal disruption is to improve their access to affordable, formal cross-border remittances. But according to Damola Owolade at FinMark Trust, this goal may be easier said than done, as accurate data on remittance pricing can be surprisingly hard to acquire.
- Categories
- Finance
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