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DKM Microfinance Saga in Ghana: Three Die in Nkoranza
Frustrated customers of financial companies with frozen accounts have vowed to make Nkoranza a living hell for government employees if monies lodged with the microfinance companies are not released to them.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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FAO and MasterCard Join Forces on Financial Inclusion
The Food and Agriculture Organization of the United Nations (FAO) and MasterCard are joining forces to create an innovative new alliance against hunger.
- Categories
- Agriculture, Health Care
- Region
- Sub-Saharan Africa
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Will India’s New Focus on Financial Inclusion Pay Off?
When India launched the Jan Dhan (people’s wealth) program a year ago, many observers regarded it as an experiment that would fail. But while the program may not have measured up to the claims of its proponents, evidence shows it has had some positive impacts.
- Categories
- Uncategorized
- Region
- South Asia
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Viewpoint: The Case for Islamic Microfinance in Africa
Professor Badr El Din A. Ibrahim, President of the Microfinance Unit at the Central Bank of Sudan, discusses why Shari'ah-compliant financing is key.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Lender InVenture Raises $10 Million
InVenture Capital Corp., a provider of small loans by cellphones, has raised $10 million in Series A funding, Yuliya Chernova reports for Dow Jones VentureWire. The company has a mobile app that can be downloaded by users, who then can request a loan. Once the user has granted the app access to their device, the company’s algorithm evaluates the activity on their mobile money accounts, such as how much they deposit and withdraw, the timeliness of their utility bill payments, and thousands of other nuggets of information such as social media, demographic, and communications patterns, to make a loan decision in minutes. The company currently operates in Kenya and Tanzania. Data Collective led the Series A round, which includedLowercase Capital, Collaborative Fund, Female Founders Fund and individual investors.
- Categories
- Uncategorized
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PRESS RELEASE: Colombia’s Credifamilia to Extend US$240 million in Mortgage Loans to Low-Income Homebuyers
New Business Call to Action member’s loans will build 20,000 homes by 2020.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- lending
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Tough Challenges Await India’s Chandrashekhar Ghosh’s Bandhan in Its Commercial Bank Avtaar
On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which were given full-service banking licences by the Reserve Bank of India (RBI) in April, 2014, from a list of 25 aspirants that included big business houses. The other is IDFC.
- Categories
- Uncategorized
- Region
- South Asia
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50th Microfinance Institution Launched in Cambodia
The Royal Microfinance institution launched its operations in Cambodia on Thursday, bringing the total number of micro-lenders in the kingdom to 50.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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