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In Myanmar, Microfinance Stagnates Due to Tough Rules
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance, regulations
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India’s Illicit Moneylenders Aren’t Going Away
Three bank branches stand across the street from Ajay Kumar Jaswal’s vegetable stand. But their loan officers shun his small business, forcing him to pay up to 20% quarterly interest to an illegal moneylender for the roughly $160 he needs as working capital.
- Categories
- Uncategorized
- Region
- South Asia
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U.S. Consumer Watchdog Unveils Plans to Regulate Payday Loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
- Categories
- Uncategorized
- Tags
- lending, microfinance, regulations
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Artoo IT Solutions Raises Rs 3.1 crore Series A Funds From Accion Venture Lab, Artha Initiative
Bengaluru-based Artoo IT Solutions, which has developed a financial customer relationship management solution for the financial sector, has raised $500,000 (Rs 3.1 crore) in Series A round of funding from Accion Venture Labs and Switzerland-based Rianta Capital Zurich's Artha Initiative.
- Categories
- Uncategorized
- Region
- South Asia
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Alibaba Partners with British Lenders as it Expands Financial Platform Reach
Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to US businesses seeking to purchase goods from China manufacturers. Now Alibaba has created a similar arrangement with ezbob and iwoca in the United Kingdom. This is the first deal by Alibaba, using e-credit line, to help provide credit to SMEs in Europe.
- Categories
- Technology
- Region
- South Asia
- Tags
- lending
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Press Release: International Finance Corporation Loaning $2.5m to La Fayette Microfinance Bank, Nigeria
The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France. The investment will support the growth of La Fayette, which was created in June 2012 and target micro-, small and medium-sized enterprises in Nigeria’s urban areas.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Is Corporate Social Responsibility China’s Secret Weapon?
Today, we hear a great deal about Chinese M&A deals, Chinese money and investment pouring into diverse markets, and even Chinese loans being used to bail out struggling economies.
- Categories
- Environment
- Region
- South Asia
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