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Press Release: FINCA Surpasses $1 Million in Loans to Microenterprise and Small Businesses in Nigeria in First Six Months
FINCA's newest subsidiary, FINCA Microfinance Bank Ltd. in Nigeria, surpassed USD 1 million in small loans to microenterprise and small business owners within its first six months of operation, it was announced today by President & CEO Rupert Scofield during his remarks at the Spring meeting of the Financial Inclusion Equity Council (FIEC), hosted this year by FINCA at its headquarters building in Washington, DC.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Women in business: Can P2P lending bridge gender gap in access to capital in India?
For a country like India where there is a distinct buzz around startups and entrepreneurship, the number of women entrepreneurs and women in business still continue to be far and few.
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- Uncategorized
- Region
- South Asia
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- lending
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ADB to Increase Lending to Support India’s New Initiatives
Asian Development Bank (ADB) President Takehiko Nakao today met with India’s Finance Minister Arun Jaitley to discuss ADB’s partnership with India. Mr Nakao also met with Minister of Urban Development, M. Venkaiah Naidu and discussed ADB’s support to the government’s new urban initiatives. He stressed that ADB is committed to strengthening its support to India’s new initiatives that target increased economic growth and reduced poverty.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Root Capital Announces New $15 Million Lending Facility to Finance African Agricultural Enterprises
The company will finance agricultural enterprises throughout sub-Saharan Africa to enhance local food security and stimulate inclusive economic growth in the region.
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- Agriculture
- Region
- Sub-Saharan Africa
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Can China’s Financial System Become More Inclusive?
Beijing is trying to make finance accessible to those traditionally denied it, with mixed results.
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- Uncategorized
- Region
- Asia Pacific
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Latin America development bank CAF eyes presence in Cuba
The Development Bank of Latin America (CAF) aims to be the first multilateral lender present in Cuba, its executive president said on Thursday, as the communist-run island seeks foreign investment amid a diplomatic opening to the United States.
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- Impact Assessment
- Region
- Latin America
- Tags
- lending
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Weekly Roundup: Natural Born Entrepreneurs: Why veterans make great businesspeople – and how the U.S. could help them succeed
As the U.S. salutes its veterans this Memorial Day, one of their under-appreciated contributions to the country is drawing increasing attention: their affinity for entrepreneurship. We discuss the reasons behind this phenomenon and the ways the public and private sectors are supporting it, in this roundup.
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- Social Enterprise
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Bitcoin Microfinance Can ‘Reach Anyone with a Cell Phone Who Wants a Friggin’ Loan’
How bitcoin — or other cryptocurrencies — along with microfinance and mobile technology could form a new platform that would make it easier to dole out loans and charity.
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- Uncategorized
- Tags
- lending, microfinance