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Roadmap: Microfinance Industry Eyes 10m Customers By 2018
Perhaps this is the reason why Pakistan Microfinance Network (PMN) Chairman Nadeem Hussain believes that an impressive growth of 20-25% per annum for the past many years has still not made the country’s microfinance industry ‘relevant’ in the fight against poverty.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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NBFCs say Reserve Bank of India’s new rules will work against financial inclusion, drive towards unscrupulous moneylenders
On a typical day, Rohit Bokhare makes about Rs 800 taking passengers in his Mahindra Xylo between Saki Naka in Andheri and Adlabs Imagica on the Mumbai-Pune expressway in Raigad district. The 51-year-old defaulted on repayment of the loan he took to purchase the utility vehicle for four months, which led his financier to come inquiring. Shriram Transport Finance, the non-bank finance company that financed the vehicle, last week found his Xylo lying in a garage for repair for 20-25 days, blocking his regular cash flow. To top it up, Bokhare had a repair bill of Rs 20,000-25,000. He couldn't pay the EMIs in the previous months because of family exigencies.
- Categories
- Uncategorized
- Region
- South Asia
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Dubai-Based Social Enterprise Shines Bright For Africa
It started with a plea to help 60,000 orphans in the company’s care.The children, who were being looked after in Zimbabwean orphanages set up by the telecoms operator Econet Wireless, could not study at night because there was no power and lighting, and many were getting sick from breathing in the chemicals emitted from candles.
- Categories
- Energy
- Region
- North Africa & Near East
- Tags
- financial inclusion, solar
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Micro-insurance On the Up Among Insurers and Public
While insurance penetration in general remains low, micro-insurance has seen significant growth as more banks partner with insurance firms to offer micro-insurance products to low-income earners.
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- Uncategorized
- Region
- South Asia
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Financial Inclusion and SMEs Set to Soar in Ghana
Financial and insurance activities are expanding at roughly twice the pace of the overall economy and just 30 per cent of the population are formally banked, so industry leaders have good reason to be optimistic about the country’s financial services future.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup, 11/22/14 – Going Postal: Is postal banking a key to financial inclusion?
The U.S. Postal Service is losing some $5 billion a year. Bank branches are closing throughout low-income and rural areas. Could both problems be solved by converting the Post Office into a bank? Many countries in the developed and developing world have already done it. We highlight two opinions on whether the U.S. should follow suit in this Roundup.
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- Uncategorized
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LeapFrog Set To Acquire East African Health Insurance Firm For $18m
LeapFrog Investments and Resolution Insurance announced today, that LeapFrog intends to invest $18.7 million for a majority stake in Resolution Insurance,through its holding company, Resolution Health East Africa Limited.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Tanzania Leads Africa in Financial Inclusion
TANZANIA is the first country in Sub-Saharan Africa and ninth globally for demonstrating most conducive environments for financial inclusion, according to the new Global Microscope 2014 by The Economist Intelligence Unit.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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