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Flexiloans Set To Raise $75 Million To Grow SME Loan Book
Flexiloans.com, an online lending platform for SMEs is growing its loan book.
- Categories
- Investing
- Region
- Global
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African Development Bank, European Union, and France Invest $300 Million in Tanzania’s Hydropower Project
Kakono Hydropower Project to serve four million inhabitants and spur economic activity in the Kagera Region of Tanzania.
- Region
- Sub-Saharan Africa
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ZestMoney Set to Lay Off Around 100 Employees After Acquisition Deal With PhonePe Falls Through
According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Proparco Makes $15 Million Debt Investment In Indian Microlender
Svatantra provides micro loans to rural women entrepreneurs who run small businesses.
- Categories
- Finance
- Region
- Asia Pacific
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Do Formal Savings Accounts Lead to Better Results for Low-Income Users?: Lessons from Two Customer-Centric Research Studies in Africa
The Savings Learning Lab was a six-year initiative that supported learning among Mastercard Foundation’s savings-focused financial inclusion programs across Africa. Program partners Savings at the Frontier and Scale2Save employed two different research approaches to better understand the impact of formal savings accounts on the lives of low-income people. Jenny Morgan at FinEquity discusses these approaches and the insights they generated, which went beyond access and usage to reveal the nuances of clients' savings preferences and behaviors.
- Categories
- Finance, Impact Assessment
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ANT Gets Asia’s Biggest ESG-Linked Loan in US $6.5 Billion Deal
ANT Group converted a syndicated credit facility into a US$6.5 billion sustainability-linked loan last year, the largest of its kind in Asia-Pacific.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- ESG, fintech, governance, lending
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African Development Bank’s AFAWA Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa
This is yet another milestone for the bank following a historic summit last week to tackle the escalating challenges of food security in Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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South African Digital Lender Lulalend to Launch Banking Product Off the Back of $35 Million Series B
The digital lender, launched in 2014, has raised $35 million in a Series B round led by international impact investor Lightrock, with participation from new investors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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