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Gross Loan Portfolio Increases 39.3% in Pakistan’s Microfinance Sector
The gross loan portfolio of the microfinance sector increased 39.3% year on year (YoY) to reach Rs93 billion at the end of 2015.
- Categories
- Investing
- Region
- North Africa & Near East
- Tags
- lending, microfinance
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Viewpoint: Regulators Should Leave China’s P2P Sector Alone
I got into a shouting match with my 83-year-old father-in-law the other day in Shanghai. He had invested 300,000 yuan ($45,940) in Zhongda, an obscure peer-to-peer lending company based in Zhejiang Province. So far he has not suffered a loss from his adventure but he has refused to pull his money out despite my insistence that he do so.
- Categories
- Investing
- Region
- South Asia
- Tags
- lending
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About 70% of Ghana’s ‘Susu’ Collectors Are Operating Illegally
Out of an estimated 1,500 Susu collectors operating in the country, with a client base of over 2 million, only 472 of them (representing 31 percent) are formally licenced under the self-regulation scheme, making t activities of the rest illegal.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Commercial Bank of Africa to Offer Direct Mobile Lending in Uganda
Commercial Bank of Africa (CBA) is introducing a Mobile Micro Savings and Loans product in Uganda allowing customers to borrow money via their phones.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of Detroit Residents
Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. Participants make monthly loan payments and take turns receiving zero-interest social loans, ranging from $300 to $2,500. All loan payments are reported to credit bureaus, enabling participants to build a credit history, raise credit scores and work towards greater financial stability.
- Categories
- Uncategorized
- Region
- North America
- Tags
- lending
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Viewpoint: Murmurs of a Fresh Crisis in India’s Microfinance Sector
The questions of microfinance, overlending and women’s suicides are cropping up all over again. The murmurs have been going on for a while, broadly indicating that the hotspots have shifted to eastern Uttar Pradesh and some other pockets.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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World Bank Approves $1.5 Billion Loan for Toilets in India
The World Bank has approved a $1.5 billion loan for a state-led sanitation program in India, where millions of people have no access to toilets, the bank said Wednesday.
- Categories
- Health Care
- Region
- South Asia
- Tags
- lending
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IFC Lends P700 Million to Two Philippines Financial Institutions for MSME Financing
The International Finance Corporation (IFC) will provide a seven-year loan to CARD Bank, Inc. and CARD SME Bank, Inc. to benefit micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural areas.
- Categories
- Uncategorized
- Region
- Asia Pacific