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IFC Invests in Cambodia’s PRASAC Microfinance Institution Ltd. to Expand Lending for Micro and Smaller Businesses
IFC, a member of the World Bank Group, has provided a loan of up to $10 million to PRASAC Microfinance Institution Ltd., Cambodia’s largest organization of its kind, to increase lending to micro, small and medium enterprises in the rural and agricultural sectors.
- Categories
- Uncategorized
- Region
- South Asia
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Indian Microlender Ujjivan Launches Hand-Held Field Tech Devices to Expedite Loan Process
Bangalore-based Ujjivan Financial Services Pvt Ltd, one of the top-tier microfinance institutions in the country, has rolled out hand-held field technology devices as it seeks to take the loan approval process online and expedite disbursals.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending, microfinance
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Viewpoint: The World Bank: Why It Is Still Needed and Why It Still Disappoints
The decade or two after WW2 saw many of the world’s poorest countries gain their independence from Colonial rule, and they were hoping to rapidly become less poor. Economics taught policy makers in those countries that a higher investment rate is crucial to assuring faster economic growth. Being a poor country makes it harder to finance the required investments from domestic savings. Yet rich countries should have ample savings available that might be profitably diverted to this task. In an ideal world, global capital markets could be expected to bridge the gap. But 70 years ago those markets were thin and/or not trusted as a source of finance.
- Categories
- Uncategorized
- Tags
- lending
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Indonesia calls for new global financial order
Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- lending
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The IRS’s Secret, Successful Low-Income Savings Program
While April 15th is generally referred to as “tax day,” that’s true for less than 20 percent of filers. For most working households tax day falls in February or early March. It’s the day when they receive their refunds, not when they file.
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- Uncategorized
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Assessing Impact Investing and Borrowing in Old Age
Socially responsible investing in its basic form doesn’t go far enough for some people. After all, countless mutual funds already avoid shares of companies that produce addictive or dangerous products — like tobacco, alcohol or firearms.
- Categories
- Impact Assessment
- Tags
- impact investing, lending
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Coming of Age: Institutional Investors See Investment Merit in India’s Non-Banking Finance Companies and MFIs
Institutional investors in the debt market are gradually gaining confidence about looking beyond traditional government and highly-rated corporate debt to bonds and other debt instruments issued by non-banking finance companies (NBFCs) and microfinance institutions (MFIs). NBFCs and MFIs are also helping create this new market, either by issuing debentures or pooling their debt assets.
- Categories
- Uncategorized
- Region
- South Asia
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Indian E-Commerce Giant Snapdeal Buys Bill Payment Service FreeCharge
Snapdeal, the SoftBank- and eBay-backed online commerce company in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” after it announced the acquisition of online transaction serviceFreeCharge.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending
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