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Smart Loan Products, Smarter Lending Approach: Kazakhstan’s Asian Credit Fund serves the country’s financially underserved, rural poor
There’s a dramatic income gap between rich and poor in Kazakhstan. Recognizing this, in recent years Asian Credit Fund (founded in 1997 by Mercy Corps) has been targeting the country’s most remote areas, adapting its products to the rural context, with a sustainable twist.
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Glo launches Nigeria’s 1st Mobile Money Agent Network – Central Bank lauds initiative
GLOBACOM, Nigeria’s national telecommunications carrier, has launched Glo Xchange, a Mobile Money Agent Network, aimed at accelerating mobile money revolution and financial inclusion in the country.
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- Sub-Saharan Africa
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India’s ICICI Bank plans to add more than 1.5 million accounts in FY15
ICICI Bank-India's largest private sector bank-in a move to take ahead its financial inclusion strategy is planning to add another 1.5 million bank accounts in this financial year.
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- South Asia
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Bharti Airtel in talks with State Bank of India for mega alliance
Days after the Reserve Bank of India introduced draft norms for small and payments banks to boost financial inclusion, the nation's largest telco and the nation's largest lender are exploring a mega alliance.
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- South Asia
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Wells Fargo creates startup accelerator to get front-row seat on financial innovation
Wells Fargo & Co. has established the Wells Fargo Startup Accelerator, designed for startups pursuing innovation in financial services.
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Reserve Bank of India Deputy Governor asks bankers to be innovative on home loans
Reserve Bank Deputy Governor R Gandhi today asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
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- Region
- South Asia
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A Year in the Life: The U.S. Financial Diaries Project’s groundbreaking exploration of the financial activities of low and moderate-income Americans
The U.S. Financial Diaries project collected highly detailed data on the financial activities of 250 lower-income households over the course of a year. A joint initiative of NYU’s Financial Access Initiative (FAI), CFSI and Bankable Frontier Associates, the project has begun publishing preliminary findings. We spoke with Tim Ogden, managing director of FAI, about the research.
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- Education
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Financial inclusion in India may remain an unsolved puzzle for now
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it & what lies ahead.
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- Uncategorized
- Region
- South Asia