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Microfinance Companies in India May Need Rs 2,000-crore in Domestic Equity to Clear Licence Hurdles
Microfinance companies that have been awarded small finance licences may need to mobilise close to Rs 2,000-crore equity between them from local investors to dilute foreign ownership.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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The Making of the ‘World’s First Mobile Money Ready’ Accounting System
It’s web-based nature facilitates access via a wide range of devices, including smartphones and tablets.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending
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African Development Bank Seeks to Spur $55 Billion for Energy
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Viewpoint: Why We Still Need Microfinance
Earlier this summer I wrote a response to the constant attacks from microfinance haters that are trending this year. It was a nice surprise to see that a piece referencing Taylor Swift could be taken seriously!
- Categories
- Uncategorized
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Small Farmers and Business Get Reason to Cheer as Reserve Bank of India Grants Licenses to 10 Small Banks
The Reserve Bank granted small bank licences to 10 applicants, most of which are engaged in microfinance, in a move seen as one of the most far-reaching initiatives on financial inclusion since bank nationalisation in the late 1960s.
- Categories
- Agriculture
- Region
- South Asia
- Tags
- lending, microfinance
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Rising Star or Red Flag?: South Africa’s financial inclusion growth raises questions for the entire industry
South Africa placed second in a recent Brookings Institute study comparing financial inclusion in 21 developing countries – surpassed only by Kenya. But though this has led to celebration in some quarters, there’s a troubling aspect to these findings. Illana Melzer argues that the risks of burgeoning financial access and usage are too significant for beneficiaries, development organizations and donors to ignore.
- Categories
- Education, Impact Assessment
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Microfinance Industry Back on Growth Path
After going through a crisis period, the country's microfinance industry has returned to the growth phase, especially in the light of stable regulatory framework, says a report.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Indian MFIs Face Legal Hurdles in Plans to Track Borrowers’ Credit Histories Through National IDs
Microfinanciers’ plans to check Aadhaar numbers to ensure potential borrowers aren’t already loaded with loans may come undone after a recent interim ruling by the Supreme Court restricted the use of Aadhaar data to ration shops and cooking gas.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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