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Janalakshmi, The Largest Microfinance Institution in India, Announces $210M Equity Round
Janalakshmi Financial Services Limited (“Janalakshmi”) today announced a $150 million (INR 10 billion) round of primary equity financing led by global private investment firm TPG. In addition, secondary transactions aggregating $60 million (INR 4 billion) will provide partial exits to existing investors.
- Categories
- Investing
- Region
- South Asia
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The Most Powerful Weapon for Changing the World: How Microfinance Institutions Can Increase Access to Education
Nelson Mandela described education as the “most powerful weapon which you can use to change the world.” But how can we increase access to quality education for children and adults? The author maintains that governments and the philanthropic sector can play a role, but there's also a practical need for private financial resources to support education access.
- Categories
- Education
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Sir Fazle Hasan Abed of BRAC: Poverty’s About Deprivation, and It’s Fixable (Video)
“Oppressed people have got their own way of thinking about life,” said Sir Fazle Hasan Abed, founder of BRAC, “and if you can somehow mobilize them, make them critically aware of their own condition, and get them to act on their own behalf, make them an actor in their own history, then things become much easier.” Watch our in-depth interview.
- Categories
- Social Enterprise
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Easypaisa, Nestle Collaborate to Facilitate Dairy Farmer Payments in Pakistan
Providing financial access to thousands of Pakistani dairy farmers as part of its mission of empowering societies, Easypaisa has collaborated with Nestlé Pakistan to make disbursement of milk collection payments swift, easy, and transparent.
- Categories
- Technology
- Region
- North Africa & Near East
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Financial Products are Available – Why Aren’t the Poor Using Them?: IPA is seeking research partners to help answer that question
Take-up of mobile financial products remains low, and usage rates are often disappointing. That's why Innovations for Poverty Action is facilitating research to test solutions to this problem. We're republishing this post, which originally ran last July, since IPA is re-opening its fund for research proposals. The new deadline for Expressions of Interest applications is April 29, 2016.
- Categories
- Education
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An inflection point in the era of “farmer finance” for the world’s smallholders
A new study, “Inflection Point: Unlocking growth in the era of farmer finance,” suggests that while current efforts to expand financial inclusion are not sufficient to meet smallholder demand, concerted efforts around customer centricity, progressive partnerships, and smart subsidy have the potential to change the sector’s growth trajectory to best serve the world’s smallholder farmers.
- Categories
- Agriculture
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Examining Zimbabwe’s Cash Withdrawal Limit
Zimbabwe banks have introduced a number of stringent measures targeted at limiting cash withdrawals.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Bharti Airtel-Kotak Mahindra Bank JV Gets Payment Bank License From RBI
India's largest carrier Bharti AirtelBSE 4.20 % received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
- Categories
- Uncategorized
- Region
- South Asia