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Kenya: KFW Lends €20 Million for Water and Sanitation in Kericho and Kisii
The loan will be used to finance the expansion of water supply and sanitation systems in Kericho and Kisii counties in Kenya.
- Categories
- WASH
- Region
- Sub-Saharan Africa
- Tags
- lending, sanitation, water
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From Grameen Bank to Global Scale: The New Edition of a Classic Book Highlights the Hard Truth – And Enduring Value – Behind Microfinance
In 1996, Grameen Foundation founder Alex Counts published “Small Loans, Big Dreams,” a well-regarded account of the origins and early years of the microfinance sector. Counts recently published a new edition of the book, which reflects on the ongoing evolution of the industry, and responds to critics who have questioned its role in international development. Longtime microfinance leader and analyst Elisabeth Rhyne discusses the book, and explores what these new updates tell us about the current state of the global microfinance sector.
- Categories
- Finance
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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
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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
- Finance, Technology
- Region
- Latin America
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Why Credit is Key to Unlocking Africa’s Consumer Markets and Boosting Economic Growth
Africa’s consumer market is one of the fastest-growing in the world. But as Fehintolu Olaogun at CredPal points out, this growth has primarily occurred without consumer credit, as most sub-Saharan African economies remain cash-driven at the retail level. He explains why African markets need the kind of organized credit systems that are enjoyed by consumers in more developed markets, and explores the impact that credit access can have on e-commerce, informal commerce and overall economic growth in the region.
- Categories
- Finance, Telecommunications
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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
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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
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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
- Tags
- governance, lending
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