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World Bank Approves $1.5 Billion Loan for Toilets in India
The World Bank has approved a $1.5 billion loan for a state-led sanitation program in India, where millions of people have no access to toilets, the bank said Wednesday.
- Categories
- Health Care
- Region
- South Asia
- Tags
- lending
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IFC Lends P700 Million to Two Philippines Financial Institutions for MSME Financing
The International Finance Corporation (IFC) will provide a seven-year loan to CARD Bank, Inc. and CARD SME Bank, Inc. to benefit micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural areas.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Indian Microlender SV Creditline Gets $8M From Blue Orchard
Delhi-based microfinance firm SV Creditline Pvt Ltd (SVCL) said on Friday it has raised $8 million (Rs 52 crore) in funding from global impact investment manager Blue Orchard.
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- Uncategorized
- Region
- South Asia
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Trend: Fintech Startups Providing Capital to SMEs in India
New entrepreneurs and small enterprises, which have typically been locked out of the financial system and ignored by big banks and other financial institutions, have found solace in a breed of new financial technology start-ups.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending
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Africa’s Banks Pressured by Bad Loans
Africa’s banks are under pressure from non-performing loans, credit agency Moody’s said on Tuesday.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending
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Microfinance in a Dangerous World
Held in the aftermath of the brutal Paris terrorist attacks, last week's European Microfinance Week conference had a special resonance. But the event also provided a hopeful response to recent grim headlines: it brought a strong focus to the ways the microfinance industry and broader financial inclusion movement can lessen the tensions that drive global conflicts – and how they can help communities recover when natural or man-made disasters strike.
- Categories
- Uncategorized
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Are e-Wallets Beginning to Worry Banks in India?
In the last week of October, Paytm founder Vijay Shekhar Sharma received a message from State Bank of India (SBI). It wasn’t good news. The message said the nation’s largest lender and its associate banks would no longer allow their customers to load money from their accounts onto the Paytm wallet.
- Categories
- Technology
- Region
- South Asia
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Health Care Dominates Borrowing in Global South
With policyMakers in emerging market economies stepping up the focus on financial inclusion, India and China have seen the strongest growth in account ownership between 2011 and 2014. If the findings of the World Bank-Gallup Global Findex Survey 2014, which asked over 1,50,000 respondents in 143 countries how and why they access financial services, were to be plotted on a map though, there is a very clear North-South divide in terms of where people spend their borrowed money.
- Categories
- Health Care
- Region
- South Asia
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