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India’s Bad Loans Situation May Not Have Peaked Yet, Says RBI Chief
India's banking system may not yet have seen the peak in bad loans, the Reserve Bank of India Governor Raghuram Rajan said on Thursday, adding the central bank was working with lenders to recognise and resolve these non-performing assets.
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- Uncategorized
- Region
- South Asia
- Tags
- lending
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Press Release: TriLinc Global Impact Fund Makes Impact Investments in Africa and Latin America
TriLinc Global Impact Fund (“TriLinc” or the “Company”) announced today that it has recently approved $3.97 million in trade finance transactions to companies in South Africa and Argentina. The transaction details are summarized below.
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- Uncategorized
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- impact investing, lending
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Buddhist Monk in Thailand Relies on Karma for Lending Success
Buddhist monks aren’t really known for dipping into the material world of finance. Phra Subin Paneeto, though, says he felt he didn’t have much choice when he saw his neighbors near Thailand’s border with Cambodia were struggling to make ends meet.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Kenya’s Mobile Finance Revolution Takes the Next Steps: Two new developments go far beyond mobile money
Kenya’s mobile finance market is evolving, and for the country’s leading financial services players, that evolution has been a profitable one. But beyond M-PESA’s remarkable payments revolution and the continued growth of M-Shwari’s mobile banking services, there are two other important developments in the Kenyan market. MicroSave founder Graham Wright discusses their impact.
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- Uncategorized
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Former Kiva.org CEO Brings New App, a ‘Branchless Bank’ to Kenya
The former chief executive and co-founder of nonprofit lending platform Kiva.org, Matt Flannery, on Wednesday revealed his latest initiative Branch International Inc., which he calls “a mobile-based microfinance institution for the world.”
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- Uncategorized
- Region
- Sub-Saharan Africa
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- lending, microfinance
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Total of $125,000 USD Awarded to Two Local Companies for Financial Technology Business Solutions
Village Capital and Accion Venture Lab announced the winners of their program, Village Capital-Accion Venture Lab: FinTech Mexico 2015. The program partnered with theMasterCard Center for Inclusive Growth, Pomona Impact, and United IT Consultants, Inc. to support entrepreneurs making financial services more affordable and accessible for Mexicans who lack access to traditional financial services (“underbanked”).
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- Technology
- Region
- Latin America
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Priority Status for Solar Power Will Aid Smaller Players
The Reserve Bank of India (RBI) recently revised its priority sector lending (PSL) guidelines. Now medium enterprises, social infrastructure and renewable energy (RE) will form part of priority sector, in addition to the existing categories. This has brought excitement to the stake-holders.
- Categories
- Energy
- Region
- South Asia
- Tags
- lending, renewable energy, solar
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Shadow Financing Indirectly Flowing Into China Stock Market
Mix the mainland's red-hot stock market with its opaque shadow lending industry and the result could be a new level of risk in the mainland financial sector.
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- Uncategorized
- Region
- South Asia
- Tags
- lending