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World Bank to boost India’s MSME sector through $500 million loan
The World Bank on Monday approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector at an early stage.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Deutsche Bank Marks Milestone for USD $83 Million Microfinance Fund
The Fund reached 5.5 million low-income and rural borrowers in 15 countries
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- Uncategorized
- Tags
- lending, microfinance
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Kompanion Financial Group Completes Equity Raise with Investment from FMO and Triodos Investment Management
Kompanion Financial Group, one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients, has concluded an equity raise selling a 35% stake to international investors. The shares were purchased by Netherlands based investors FMO and Triodos Investment Management, with the latter investing through Triodos Fair Share Fund and Triodos Microfinance Fund. Kompanion’s founder Mercy Corps will remain majority shareholder and hold a 65% stake. The funds will be used for growth capital in the lending operations and support Kompanion’s transformation to a licensed banking institution.
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- Uncategorized
- Region
- Europe & Eurasia
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Bangladesh’s Political Turmoil Taking Its Toll on Small, Medium Businesses
The ongoing political turmoil continues to take its toll on the small and medium businesses who have borrowed money from micro finance institutions (MFIs) as the big MFIs have tightened their vigilance fearing the future impact on loan recovery.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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This App Wants You to Borrow Money From Friends, Not Banks
Long ago, your parents probably gave you some advice: never borrow money from a friend. More importantly: never let your friends borrow from you. If the movies have taught us anything, it’s that mixing money and friendship rarely ends in anything other than blood and tears.
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- Technology
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- lending
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Bangladesh to Get $300 million World Bank Loan for Child Health
Bangladesh is to get a $300-million loan from the World Bank's International Development Association (IDA) to help improve child nutrition after a deal was signed on Monday.
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- Health Care
- Region
- South Asia
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Platforms, Not Products, Are the Way to Bring Financial Services to the Poor
In recent years, the banking and finance industries have not done a lot to earn the trust of consumers in the West. But in poor countries, basic financial services can be transformative.
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- Uncategorized
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IDB to support BoP families in the Dominican Republic with access to credit for home improvements
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication.
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- Uncategorized
- Region
- Latin America