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African mobile phone leaders take action to expand financial inclusion
The 2nd African Mobile Phone Financial Services Policy Initiative (AMPI) Leaders Roundtable meeting held 4-6 February 2014 in Naivasha, Kenya, was a historic event and tremendous step forward in moving the region toward collectively focusing on harnessing and further enabling the expansion of digital financial inclusion across Africa.
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Microcredit Summit Campaign and Child and Youth Finance International Celebrate Global Money Week 2014
The Microcredit Summit Campaign celebrates Global Money Week 2014 together with Child and Youth Finance International. The Campaign invites its members to join in the celebration and raise maximum awareness for child and youth financial empowerment and inclusion.
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- Education
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Microinsurance could soon be sold by local grocery stores, gas stations in India
Micro insurance products could soon be sold by local grocery stores, public call offices (PCOs), fuel outlets and ration shops in rural areas. However, insurance sector officials also believe this would hamper the need-based sale objective.
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Authors reveal how banks fought hard to kill M-Pesa
Kenyan banks fought tooth and nail to have M-Pesa shut down one year after its launch as its popularity was spreading like bushfire and posed a threat to their operations, a new book launched last evening reveals.
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- Region
- Sub-Saharan Africa
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India’s SKS Microfinance recovering from Andhra Pradesh crisis
SKS Microfinance Ltd, India’s only listed microlender, plans to raise Rs.400 crore in the next fiscal year with a maximum equity dilution of 20%.
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- Uncategorized
- Region
- South Asia
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Global microfinance market expected to grow
Global Microfinance market to grow at a CAGR of 16.61% percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased focus on the untapped markets. The Global Microfinance market has also been witnessing the formation of credit bureau for microfinance institutions. However, the issue of sustainability with respect to outreach could pose a challenge to the growth of this market.
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Insolvency among microfinance banks could hamper Nigeria’s financial inclusion strategy
The Central Bank of Nigeria’s (CBN) financial inclusion strategy targets a reduction of adult population financially excluded from 46 percent to 20 percent by the year 2020. This objective cannot be achieved completely without active involvement of microfinance banks (MFBs) operating in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Banking for All – Drive to ensure world’s poor have access to accounts
For banks, there is the chance to harvest the deposits of millions of new customers and establish a presence in small but fast-growing markets.
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