-
Study: Only 2.8 Percent of Nigerian Adults Have Microfinance Accounts
Despite the huge numbers of Microfinance Banks, MFBs, operating in the country and regulatory authorities’ efforts to use them as channels for financial inclusion, investigations have confirmed that only 2.6 million of the adult population had MFB accounts.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Reserve Bank of India to Hike Limits for Priority Sector Lending, Allow Inter-Bank Bond Investments
Indian banking regulator has proposed to hike the eligibility criteria to classify a loan as priority sector lending (PSL) which is expected to particularly boost microfinance institutions (MFIs) in the country.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
-
Could Your Facebook Profile Get You a Mortgage?
In the developing world, using people's social graph to determine creditworthiness is opening up billions of new people to the benefits of credit—and a chance at the middle class.
- Categories
- Uncategorized
-
FICO to Announce New Credit Scoring Formula for High-Risk Consumers in the U.S.
FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers' payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.
- Categories
- Uncategorized
- Tags
- credit scoring, lending
-
Viewpoint: Why We Should Be Worried By the World Bank Shoveling $36 Billion to ‘Financial Intermediaries’
Everyone’s heard of the World Bank, but far fewer people know of its private sector arm, the International.
- Categories
- Impact Assessment
- Tags
- lending
-
The Power of Social Underwriting: Kiva Zip, on why it pays for lenders to tap the wisdom of the crowd
Social underwriting, ie: assessing borrowers’ creditworthiness by tapping into their existing trust networks, is a time-honored principle in community banking. And it’s increasingly being combined with digital tools to expand access to capital for borrowers that conventional lenders might reject as too risky or unprofitable. Kiva Zip’s senior director describes four ways they are implementing the approach.
- Categories
- Uncategorized
-
Rwanda: Airtel to Give Clients Soft Loans
A micro-money lending platform whereby subscribers will be able to borrow up to Rwf50,000 payable in two weeks has been launched by telecom services provider, Airtel Rwanda and Atlantis Limited, a micro-finance institution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
MFTransparency is Dead … What Does That Mean for Pricing Transparency?: The CEO of the influential watchdog initiative discusses the future of pricing transparency in microfinance
MicroFinance Transparency recently announced that it has stopped collecting pricing data for the global microfinance industry. But as CEO Chuck Waterfield explains, that doesn’t mean the movement for transparent pricing is dead. He explains the decision and discusses how the industry can still make fair pricing a reality.
- Categories
- Impact Assessment
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.