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Letter from Mindanao, Part 2: Rural banking and the promise of cacao
In part two of his exploration of the effects of ASEAN integration on banking in the Philippines, Bruce MacDonald discusses the value of targeting hard-to-reach rural clients with microfinance, SME and agricultural loans. Of particular importance: loans for cacao production, as the country is ideally placed to help address a global cacao shortage that could reach a million metric tons by 2020.
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Letter from Mindanao, Part 1: The impact of ASEAN integration on banking in the Philippines
On January 1st, the Association of Southeast Asian Nations' 10 member countries inaugurated the ASEAN Economic Community, a common market whose goal is to forge a prominent regional bloc and bring economic well-being to its 625 million citizens. How will the integration affect banks in the region? In a recent trip to the Philippines, Bruce MacDonald sought the perspectives of government and central bank officials and private bankers.
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Serve Rural Areas or Lose License, Central Bank of Nepal Governor Tells Microfinance Institutions
Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has warned that the central bank may scrap the license of microfinance institutions who fail to reach rural areas of the country.
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- South Asia
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UPDATED Weekly Roundup: Haiti’s Peanut Pushback, Moms Vs. Markets and Should Google’s Payday Ban Apply to Microfinance?
This week in the roundup we consider the pushback of Haitian farmers and NGOs against the U.S. government's mass peanut donation, how marketers might be undermining mothers who breastfeed, and whether Google's ban on ads from payday lenders could justifiably be applied to microfinance.
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- Agriculture, Health Care
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Google to Ban Payday Loan Advertisements
Google announced Wednesday that it will ban all payday loan ads from its site, bowing to concerns by advocates who say the lending practice exploits the poor and vulnerable by offering them immediate cash that must be paid back under sky-high interest rates.
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- lending
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Online Lenders Already in Turmoil Facing U.S. Call for Rules
Marketplace lenders need to be more transparent about their business practices and some should be subject to additional oversight from U.S. regulators, according to a Treasury Department study released as the industry grapples with market turmoil and a scandal involving one of its leading firms.
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- lending, regulations
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NexThought Monday: Our inaugural podcast – a conversation with the MasterCard Foundation’s Ann Miles
In April, the MasterCard Foundation Fund for Rural Prosperity awarded over $10 million to five innovative companies working to increase financial access in rural Africa. In NextBillion's inaugural podcast, we spoke to Ann Miles, Director of Financial Inclusion & Youth Livelihoods at the MasterCard Foundation, about the competition's winners and the broader digital financial inclusion space in Africa.
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- Agriculture, Technology
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Mobile Wallets in India to Start Offering Small Amounts on Short-Term Credit
Your mobile wallet, which has been serving your need for instant cash in an electronic form for sundry transactions, will also empower you further with companies in the business planning to add an instant loan facility to their offerings.
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- Technology
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- South Asia