-
Rwanda: Airtel to Give Clients Soft Loans
A micro-money lending platform whereby subscribers will be able to borrow up to Rwf50,000 payable in two weeks has been launched by telecom services provider, Airtel Rwanda and Atlantis Limited, a micro-finance institution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
MFTransparency is Dead … What Does That Mean for Pricing Transparency?: The CEO of the influential watchdog initiative discusses the future of pricing transparency in microfinance
MicroFinance Transparency recently announced that it has stopped collecting pricing data for the global microfinance industry. But as CEO Chuck Waterfield explains, that doesn’t mean the movement for transparent pricing is dead. He explains the decision and discusses how the industry can still make fair pricing a reality.
- Categories
- Impact Assessment
-
In Myanmar, Microfinance Stagnates Due to Tough Rules
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance, regulations
-
India’s Illicit Moneylenders Aren’t Going Away
Three bank branches stand across the street from Ajay Kumar Jaswal’s vegetable stand. But their loan officers shun his small business, forcing him to pay up to 20% quarterly interest to an illegal moneylender for the roughly $160 he needs as working capital.
- Categories
- Uncategorized
- Region
- South Asia
-
U.S. Consumer Watchdog Unveils Plans to Regulate Payday Loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
- Categories
- Uncategorized
- Tags
- lending, microfinance, regulations
-
Artoo IT Solutions Raises Rs 3.1 crore Series A Funds From Accion Venture Lab, Artha Initiative
Bengaluru-based Artoo IT Solutions, which has developed a financial customer relationship management solution for the financial sector, has raised $500,000 (Rs 3.1 crore) in Series A round of funding from Accion Venture Labs and Switzerland-based Rianta Capital Zurich's Artha Initiative.
- Categories
- Uncategorized
- Region
- South Asia
-
Alibaba Partners with British Lenders as it Expands Financial Platform Reach
Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to US businesses seeking to purchase goods from China manufacturers. Now Alibaba has created a similar arrangement with ezbob and iwoca in the United Kingdom. This is the first deal by Alibaba, using e-credit line, to help provide credit to SMEs in Europe.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending