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Bangladesh’s Political Turmoil Taking Its Toll on Small, Medium Businesses
The ongoing political turmoil continues to take its toll on the small and medium businesses who have borrowed money from micro finance institutions (MFIs) as the big MFIs have tightened their vigilance fearing the future impact on loan recovery.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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This App Wants You to Borrow Money From Friends, Not Banks
Long ago, your parents probably gave you some advice: never borrow money from a friend. More importantly: never let your friends borrow from you. If the movies have taught us anything, it’s that mixing money and friendship rarely ends in anything other than blood and tears.
- Categories
- Technology
- Tags
- lending
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Bangladesh to Get $300 million World Bank Loan for Child Health
Bangladesh is to get a $300-million loan from the World Bank's International Development Association (IDA) to help improve child nutrition after a deal was signed on Monday.
- Categories
- Health Care
- Region
- South Asia
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Platforms, Not Products, Are the Way to Bring Financial Services to the Poor
In recent years, the banking and finance industries have not done a lot to earn the trust of consumers in the West. But in poor countries, basic financial services can be transformative.
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- Uncategorized
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IDB to support BoP families in the Dominican Republic with access to credit for home improvements
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication.
- Categories
- Uncategorized
- Region
- Latin America
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Brazilian Development Bank Loans $100m to Banco do Nordeste do Brasil to Expand Microcredit
Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian government’s development bank, reportedly has announced that it will loan USD 100 million to Banco do Nordeste do Brasil (BNB), a public bank operating in Brazil’s Northeastern Region. The investment will be made from the microcredit program of BNDES, and BNB will commit an additional BRL 42.8 million (USD 16.6 million) to the effort. The proceeds will be used to fund individual entrepreneurs as well as micro- and small enterprises (MSEs). The interest rate of the wholesale loan will be set according to the country’s Long-term Interest Rate (known as TJLP in portuguese), which currently stands at 5.5 percent, plus 1.1 percent [1].
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- lending
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Banks Are Now Handing Out Loans to People They’d Normally Shun
Before Jeff Stewart could credibly advance the notion that your Facebook friend network could—or even should—help you get a loan, he had to prove the system worked and was reliable. It took a long time. I first met him in 2012, a year after he’d launched Lenddo, pitching it as a new way for people just entering the middle class to qualify for and receive loans. His startup planned to use Facebook data to assess credit risk, and to make loans to well-qualified candidates, starting in the Philippines.
- Categories
- Uncategorized
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Grameen Crédit Agricole Microfinance Loans $1.2m to Kenyan Juhudi Kilimo, Uganda Microcredit Foundation (UMF), Uganda’s Encot
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following three loans: (1) EUR 482,000 (USD 555,000) over a two-year period to to Juhudi Kilimo, a for-profit provider of microloans and microinsurance in Kenya; (2) EUR 293,000 (USD 339,000) over a three-year period to Uganda Microcredit Foundation (UMF), a microfinance institution offering financial services to “economically active” Ugandans; and (3) EUR 257,000 (USD 297,000) over a three-year period to Encont, a provider of microloans to rural enterprises in Uganda [1].
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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