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Maisha Becomes First Microfinance Bank in Kenya to Offer Mobile Loans
Maisha MFB becomes the first telco-backed microfinance to launch a savings and mobile money solution in the market and the fourth financial institution, alongside banks like Commercial Bank of Africa (CBA), Kenya Commercial Bank (KCB) and Equity.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, lending, microfinance
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European Microfinance Week 2017: Revealing New Frontiers in Inclusive Finance – Nov. 29-Dec. 1
European Microfinance Week (EMW), Nov. 29-Dec. 1, 2017, and hosted by e-MFP, is one of the top events in the microfinance calendar and a unique meeting point for all professionals working in the inclusive finance sector worldwide. With an unparalleled program and prestigious speakers, the event is widely recognised for its high-quality sessions and excellent networking opportunities. Last year's event attracted close to 500 participants from 58 countries.
- Categories
- Finance, Social Enterprise
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IndusInd Bank secures $200 million loan from Asian Development Bank for microlending in India
The 7-year senior loan will go towards IndusInd Bank's micro-finance activities, it said in a statement.
- Categories
- Uncategorized
- Region
- South Asia
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Nestlé, Telenor Microfinance Bank partner to launch digital lending for farmers in Pakistan
Under this program, Telenor Bank has been disbursing loans to dairy farmers digitally. The bank has pioneered one of the country’s first data driven digital method in deciding the loan limits with near instant loans. Hence, the loans are disbursed directly to the farmers via Telenor Bank’s mobile banking platform, Easypaisa mobile wallets.
- Categories
- Agriculture, Investing, Technology
- Region
- South Asia
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Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off in India
While the demonetization tsunami sorely hurt the microfinance industry, Bandhan Bank offers a good template for what MFIs can do after acquiring banking licenses.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Why Fintech Startups Are Wooing India’s Small Businesses
Manjunatha BN runs a music store called Sri Sai Musicals in Bangalore. He needed a loan of $7,800 (5 lakh rupees). Unsure of getting one from a bank, he decided to approach Bangalore-based digital lender Capital Float. To his surprise, he received his loan in no time.
- Categories
- Technology
- Region
- South Asia
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Fixing Financial Inclusion’s Gender Gap: Fast-Growing ‘Community of Practice’ Seeks Solutions
One billion women living in the poorest 40 percent of developing-country households remain outside the formal financial system. A persistent gender gap in developing countries in account ownership rates suggests that efforts at financial inclusion are not reaching women. In an effort to change that, CGAP recently launched the Women’s Financial Inclusion Community of Practice to bring together practitioners, funders and policymakers.
- Categories
- Finance
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Behind Credit Suisse’s foray into microlending to the global poor
In its early days, Grameen Bank put microfinance on the map by making tiny loans to communities of female small-business owners who put social pressure on one another to repay the loans. Microfinance has come a long way since then. Today, data-enabled microloans are made to small-business owners, farmers and consumers all over the world, often through smartphones and loan officers wielding iPads.
- Categories
- Uncategorized
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