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PRESS RELEASE: Colombia’s Credifamilia to Extend US$240 million in Mortgage Loans to Low-Income Homebuyers
New Business Call to Action member’s loans will build 20,000 homes by 2020.
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- Uncategorized
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- Latin America
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- lending
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Tough Challenges Await India’s Chandrashekhar Ghosh’s Bandhan in Its Commercial Bank Avtaar
On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which were given full-service banking licences by the Reserve Bank of India (RBI) in April, 2014, from a list of 25 aspirants that included big business houses. The other is IDFC.
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- Uncategorized
- Region
- South Asia
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50th Microfinance Institution Launched in Cambodia
The Royal Microfinance institution launched its operations in Cambodia on Thursday, bringing the total number of micro-lenders in the kingdom to 50.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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Viewpoint: How We Talk About Microfinance: Alex Counts Replies to Dean Karlan
On Sunday, August 23, as I was enjoying some of the final days of summer visiting friends in New Hampshire, I noticed that I had been tagged in a tweet by Dean Karlan, the founder and president of Innovations for Poverty Action. He provided a link to an article about FINCA that included extensive quotes from its CEO, Rupert Scofield. He asked Rupert if he really believed microfinance could reduce terrorism, and asked me what I thought (“whatcha think?” was the precise formulation of his question). Hetweeted again on Monday, asking whether I was “still going to stand by [my] claim that no microcredit leaders make grandiose and overselling impact claims?”
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- Uncategorized
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- lending, microfinance
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India’s MFI credit bureaus comb client data to smooth microloans
Three years after India’s first credit bureau for microfinance institutions (MFIs) opened shop, teething troubles continue to prevent lenders and borrowers from making full use of it.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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The Key to Fighting Poverty in Africa: Could unlocking smallholder finance solve both the continent’s food and employment challenges?
Small and mid-sized agribusinesses are a vital link in Africa’s local and regional agriculture markets. They're also key to building an inclusive African economy able to absorb a workforce that’s set to double in size over the next 25 years, and to feeding a continent that is hungrier now than ever. There’s only one problem: Commercial banks won’t lend to them.
- Categories
- Agriculture
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Why Microfinance Loans Have Such High Rates
In recent years, microfinance—distributing small loans to the poor -- has been at the center of an intense debate about the ethics of charging low-income customers high interest rates and then making a profit from them.
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- Uncategorized
- Region
- Latin America
- Tags
- lending, microfinance
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Fintech firm takes biometric microfinance tool to Uganda
Awamo, a fintech firm firm formerly known as BCB Biometric Credit Bureau, has revealed that it is taking a biometric microfinance solution it has developed to Uganda thanks to $550,000 it has raised in Series-A funding.
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- Uncategorized
- Region
- Sub-Saharan Africa