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Grameen Koota Reaches Milestone With 1 Million Microfinance Customers
Bangalore-based NBFC –MFI, Grameen Koota Financial Services Pvt Ltd (Grameen Koota) has reached a new milestone of 1 million microfinance customers, in a testimony to its strong client-centric approach aimed at providing holistic financial and social services.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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The Financial Power of the Group: How demand aggregation can enable consumer financing for renewable energy products
Salt farmers in Northern India use diesel pumps to help them harvest salt from sea water. They run these pumps for over 16 hours a day, which means up to 60 percent of their income is spent on fuel costs. Solar pumps could substantially increase their income, so Dalberg explored financing options that could make these pumps accessible. They discuss demand aggregation, one particularly promising solution.
- Categories
- Agriculture, Energy
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Will BRICS Bank Challenge the Bretton Woods System?
The formal opening of the BRICS Bank in Shanghai on Jul. 21, following the seventh summit of the world’s five leading emerging economies, demonstrates the speed with which an alternative global financial architecture is emerging.
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- Uncategorized
- Tags
- infrastructure, lending
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The Overlooked Gender Gap: Financial Credit
It’s hard to deny the presence of gender gaps. We see evidence of them in education, income, politics, and business. But there is another gender gap that is less often discussed, and has proven to be incredibly important worldwide: the credit gap. The credit gap refers to the fact that women are still much less likely to obtain credit than men, whether from a bank or informal moneylender.
- Categories
- Uncategorized
- Tags
- lending
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Zidisha Helps Connect Lenders With Entrepreneurs in Developing Countries
Zidisha is a non-profit startup that acts as an online microlending community connecting lenders with entrepreneurs no matter the distance or disparity. As of right now, Zidisha allows individuals worldwide to lend to tech-savvy entrepreneurs in the slums of Africa and Asia where even a few dollars can go a long way. Over 20,000 people are using Zidisha today. Recently, I spoke with Zidisha founder and CEO Julia Kurnia to learn more about the company.
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- Uncategorized
- Tags
- lending, microfinance
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Press Release: FINCA Surpasses $1 Million in Loans to Microenterprise and Small Businesses in Nigeria in First Six Months
FINCA's newest subsidiary, FINCA Microfinance Bank Ltd. in Nigeria, surpassed USD 1 million in small loans to microenterprise and small business owners within its first six months of operation, it was announced today by President & CEO Rupert Scofield during his remarks at the Spring meeting of the Financial Inclusion Equity Council (FIEC), hosted this year by FINCA at its headquarters building in Washington, DC.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- lending, microfinance
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Women in business: Can P2P lending bridge gender gap in access to capital in India?
For a country like India where there is a distinct buzz around startups and entrepreneurship, the number of women entrepreneurs and women in business still continue to be far and few.
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- Uncategorized
- Region
- South Asia
- Tags
- lending
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ADB to Increase Lending to Support India’s New Initiatives
Asian Development Bank (ADB) President Takehiko Nakao today met with India’s Finance Minister Arun Jaitley to discuss ADB’s partnership with India. Mr Nakao also met with Minister of Urban Development, M. Venkaiah Naidu and discussed ADB’s support to the government’s new urban initiatives. He stressed that ADB is committed to strengthening its support to India’s new initiatives that target increased economic growth and reduced poverty.
- Categories
- Uncategorized
- Region
- South Asia
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