-
Rockefeller, Gates, OSF Launch Fund to Spur Multilateral Development Bank Lending to Low- and Middle-Income Countries
The Bill & Melinda Gates Foundation, Open Society Foundations, and The Rockefeller Foundation launched a new $5 million grant fund to spur reforms in multilateral development banks.
- Categories
- Investing
- Region
- Global
-
R2 Closes $15 Million Series A Round to Provide Frictionless Credit to Small Businesses
87% of credit demand by small businesses in Latin America is unmet, and R2’s goal is to change this reality through an embedded lending infrastructure.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Latin America
-
Goldman Sachs Group Lends $150 Million to Clara to Meet Latin America Firms’ Need for Loans
The funding will help to meet Latin American corporations’ need for loans and assistance with spending management across the region.
- Categories
- Finance
- Region
- Latin America
-
ABC Fund Injects $3 Million into Microfinance Lending in Colombia
The Agri-Business Capital Fund (‘ABC Fund’) today announces that it has completed a USD 3 million loan to Colombia-based Finamiga, which focuses on lending to small farmers and independent workers.
- Categories
- Agriculture
- Region
- Latin America
-
Asian Development Bank Signs $332 Million Deal With Government To Boost Sustainable Economic Recovery
The Asian Development Bank has signed a $332.05 million financing package with the Ministry of Economy and Finance to help Cambodia recover from the impact of the Coronavirus pandemic.
- Categories
- Coronavirus, Health Care
- Region
- South Asia
-
Microfinance for Better Housing: How the Sector Can Serve Low-Income Borrowers in India and Other Emerging Markets
In most emerging countries, populations are growing and the numbers moving into cities are rising even faster. Providing housing for these often low-income individuals has become a huge global challenge. But as development sector researcher Moin Qazi points out, these borrowers' lack of credit history, collateral and property rights makes it difficult for both traditional commercial lenders and microfinance providers to serve them. He explores the challenges facing housing microfinance in India and other emerging markets, and highlights some solutions.
- Categories
- Finance
-
Addressing Predatory Lending Apps: Lessons From the Regulatory Response in Indonesia, India and the Philippines
Digital lending apps have provided financial inclusion to many in emerging markets, but complaints about predatory practices have been surging over the last two years. Financial inclusion and consumer protection consultant Hema Bansal explains how misleading marketing, inadequate disclosure of pricing, terms and conditions, and inappropriate collections practices have led to new regulatory responses in Indonesia, India and the Philippines. She shares which of these steps have proven effective — and where there is still room for improvement.
- Categories
- Finance, Technology
-
Scaling the Last-Mile Distribution Industry With Data-Driven Lending
Low-income consumers in emerging markets rely heavily on last-mile distributors (LMDs) for access to life-changing products, from smartphones to solar home systems. But as Erin Junio at Angaza explains, despite the critical role they play in the sale and distribution of these products, LMDs struggle to access the funding they need to scale. She explores the funding challenges these businesses face — and how data-driven innovations in lending are emerging to close this financing gap.
- Categories
- Energy, Entrepreneurship, Investing
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.