-
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.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending
-
Viewpoint: India’s MFI Rules Need More Thought, or Else They Can Go Wrong
The microfinance industry has witnessed many changes since the 2010 crisis. Recently, the Reserve Bank of India (RBI) eased some lending norms for microfinance institutions (MFIs), which will mean enhanced access to credit for customers. Also, the government has proposed that the Mudra Bank (Micro Units Development Refinance Agency Bank) will regulate MFIs. Alok Prasad, chief executive officer, Microfinance Institutions Network (MFIN), a self-regulatory organization for non-banking finance company (NBFC) MFIs, talks about regulatory challenges in the industry and how the future of microfinance may evolve. Edited excerpts:
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
-
Impact investing takes the bite out of auto loan sharks in the U.S.
Michelle Corson, founder of On the Road Lending, pools investors’ money to finance cars for low-income people at decent rates.
- Categories
- Uncategorized
- Tags
- impact investing, lending
-
IFC Invests in Cambodia’s PRASAC Microfinance Institution Ltd. to Expand Lending for Micro and Smaller Businesses
IFC, a member of the World Bank Group, has provided a loan of up to $10 million to PRASAC Microfinance Institution Ltd., Cambodia’s largest organization of its kind, to increase lending to micro, small and medium enterprises in the rural and agricultural sectors.
- Categories
- Uncategorized
- Region
- South Asia
-
Indian Microlender Ujjivan Launches Hand-Held Field Tech Devices to Expedite Loan Process
Bangalore-based Ujjivan Financial Services Pvt Ltd, one of the top-tier microfinance institutions in the country, has rolled out hand-held field technology devices as it seeks to take the loan approval process online and expedite disbursals.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending, microfinance
-
Viewpoint: The World Bank: Why It Is Still Needed and Why It Still Disappoints
The decade or two after WW2 saw many of the world’s poorest countries gain their independence from Colonial rule, and they were hoping to rapidly become less poor. Economics taught policy makers in those countries that a higher investment rate is crucial to assuring faster economic growth. Being a poor country makes it harder to finance the required investments from domestic savings. Yet rich countries should have ample savings available that might be profitably diverted to this task. In an ideal world, global capital markets could be expected to bridge the gap. But 70 years ago those markets were thin and/or not trusted as a source of finance.
- Categories
- Uncategorized
- Tags
- lending
-
Indonesia calls for new global financial order
Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- lending
-
The IRS’s Secret, Successful Low-Income Savings Program
While April 15th is generally referred to as “tax day,” that’s true for less than 20 percent of filers. For most working households tax day falls in February or early March. It’s the day when they receive their refunds, not when they file.
- Categories
- Uncategorized