-
Better Loans for Better Housing: How Housing Microfinance and Strategic Value Chains Can Help Alleviate the Low-Income Housing Deficit
The majority of the world’s population lives in cities, and much of our future population growth is projected to occur in cities in the developing world. But in spite of the demand, the BoP housing market has been largely handicapped by informality and undeveloped channels for financing and technical assistance. Gary Carrier explores a number of market-based solutions.
- Categories
- Finance
- Tags
- housing, lending, microfinance
-
A Visionary Approach to Financial Inclusion: Nachiket Mor discusses his groundbreaking plan for universal financial access in India – Part 1
The Nachiket Mor committee report has garnered global headlines by setting a lofty goal - bank accounts for all Indian adults by 2016 – and laying out an innovative, detailed vision of how to reach it. Mor discusses the much-debated report in part 1 of this Q&A.
- Categories
- Uncategorized
-
‘Aha Moments’ in the Business Model Process: FIELD at the Aspen Institute explores how to take pilot programs to products
If you work at a nonprofit, you probably know this story: You conduct a pilot program. The results are strong. The pilot funding ends. Then you scramble to find funding to keep the program going. How can you write a happy ending to this story? FIELD at the Aspen Institute explored this question during the last phase of their Asset Building through Credit Pilot. Joyce Klein and Luz Gomez discuss what they found.
- Categories
- Uncategorized
-
India’s New “Payment Banks” Expected to Spur Innovation
The Reserve Bank of India (RBI) on Thursday released the final guidelines for licensing of payments and small banks. These banks are intended to cover the unbanked and underbanked areas and increase banking penetration in the country, stated the circular. Let’s take a look at the changes that these banks are likely to bring in financial services.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
-
NBFCs say Reserve Bank of India’s new rules will work against financial inclusion, drive towards unscrupulous moneylenders
On a typical day, Rohit Bokhare makes about Rs 800 taking passengers in his Mahindra Xylo between Saki Naka in Andheri and Adlabs Imagica on the Mumbai-Pune expressway in Raigad district. The 51-year-old defaulted on repayment of the loan he took to purchase the utility vehicle for four months, which led his financier to come inquiring. Shriram Transport Finance, the non-bank finance company that financed the vehicle, last week found his Xylo lying in a garage for repair for 20-25 days, blocking his regular cash flow. To top it up, Bokhare had a repair bill of Rs 20,000-25,000. He couldn't pay the EMIs in the previous months because of family exigencies.
- Categories
- Uncategorized
- Region
- South Asia
-
Behind 700% Loans, Profits Flow Through Indian Reservations to Wall Street
Joshua Wrenn needed money to make the January payment for his Jeep Cherokee.The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.
- Categories
- Uncategorized
- Tags
- lending, mobile finance
-
Indian MFIs’ gross loan portfolio rose 47% in Q2 FY15
The loan portfolio in south comprise a third of total.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
-
Credit for all: Increasing women’s access to finance
Women’s need for financial services may actually exceed that of men because they tend to live longer, have lower levels of formal employment, own fewer assets, and have less control over household finances.
- Categories
- Uncategorized
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.