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Access Bank and FMO sign $25 million facility to boost lending
One of the foremost retail banks in Ghana, Access Bank Ghana has entered into another strategic partnership with its long standing financial partner, FMO, the Dutch Development Bank, for a US$ 25 million facility to boost its lending capacity.
- Region
- Sub-Saharan Africa
- Tags
- lending
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WASH Away Inequity: Lack of Access to Safe Water is the Most Crippling Obstacle Limiting Human Potential
On World Water Day, consider that 844 million people (nearly 1 in 9) lack a drinking water source that is accessible within a 30-minute round trip from their home. But though this problem can be solved by installing a tap or rain harvesting system, the upfront cost of up to $200 is often prohibitive for people living in poverty. Water.org co-founder and CEO Gary White highlights the power of the poor, when given affordable financing, to provide their own solution to the global water crisis.
- Categories
- Environment, Investing, WASH
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Bridging the Gender Gap in Agriculture: Eight Success Stories for International Women’s Day
Women account for more than 40 percent of the agricultural workforce worldwide, but they own less than 20 percent of the world’s land, and earn just a fraction of what their male counterparts do. On International Women’s Day, Oumou Camara, writing on behalf of Farming First, shares the stories of eight remarkable women who are bridging the gender gap in agriculture in emerging markets around the world.
- Categories
- Agriculture, Impact Assessment, Social Enterprise
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Rwanda’s central bank urges MFIs to automate to reduce bad loans
The National Bank of Rwanda (BNR) has called on microfinance institutions (MFIs) across the country to embrace automation and reduce the rate of bad loans before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Extending access to credit: Are alternate finance platforms creating tangible impact in India?
Having recently been brought under the regulatory ambit by the Reserve Bank of India (RBI), the thought was that the nascent online P2P lending sector can play a significant contribution towards furthering the cause of financial inclusion.
- Categories
- Finance
- Region
- South Asia
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When Nonprofits Have A Financial Emergency, There’s Now A Fund To Bail Them Out
Nonprofits and social enterprises generally lack extra funds to help out if things go wrong. Unlike traditional businesses, it’s hard to develop a rainy-day fund when donors (or investors) expect most of your money to toward changing lives.
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How responsible are India’s lenders? A new report has a few pointers
FPSB and IIM (Lucknow) unveils “Navigator of Responsible Lending- India”—a first-of-its-kind research report on consumer loans that maps major banks and NBFCs across small-ticket personal and consumer durable loans
- Region
- South Asia
- Tags
- lending
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Finance Responds to Climate Change: How ‘Recovery Lending’ Can Help Victims of Weather-Related Disasters
Natural disasters leave U.S. communities reeling – but those impacted generally have an insurance safety net. When climate-related catastrophes strike poorer populations, it is almost impossible to recover fully. In fact, every year natural disasters force 26 million people further into poverty. Stewart McCulloch of VisionFund International details a novel disaster insurance program that leverages big data climate models to support nearly 700,000 families with "recovery lending."
- Categories
- Environment, Impact Assessment
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