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Viewpoint: Indian Microfinance Sector Must Transform Before It’s Too Late
Borrowers are juggling multiple loans—sometimes 6 or more—from MFIs, SHGs, local moneylenders, and even app-based lenders. Field staff are exhausted. Community ties that once held JLGs together are fraying. And loan officers are under pressure, leading to shortcuts, fraud, and rising stress levels.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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World Bank Approves Nigeria’s $632 Million Loans For Nutrition, Education
The approval marked a significant step towards addressing Nigeria’s economic challenges.
- Categories
- Agriculture, Education
- Region
- Sub-Saharan Africa
- Tags
- food security, lending, nutrition
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uMunthu Fund Exits Baobab Nigeria
The impact of this now-completed partnership is far-reaching: from operating only in Kaduna state to 16 states in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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African Development Bank to Unlock $10 Billion for African Farmers With New $500 Million Facility
"The facility, designed to close the financing gap for smallholder farmers, will deploy innovative financial instruments. . . "
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, lending, scale, smallholder farmers
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The Emergence of Tokenisation in Microfinance: How this Blockchain-Based Technology is Driving Faster Access to Capital for Entrepreneurs In Emerging Markets
Tokenisation — the process of leveraging blockchain to create digital tokens that represent real-world assets — is gaining significant momentum, with some estimating that it could become a $3.8 trillion market by 2030. According to Michele Mattioda at Mikro Kapital, the microfinance industry — and the small and medium enterprises it supports — have a lot to gain from the tokenisation wave. He explores how tokenisation is gradually making inroads into the sector, and discusses Mikro Kapital's experience launching the market’s first tokenised bonds to raise proceeds for microfinance institutions.
- Categories
- Finance, Investing, Technology
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Kenya: Refurbished Mobile Phone Company Raises Funding From Proparco
French development finance institution Proparco has granted Kenya-based Badili a $400,000 loan.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Incofin Invests in Banco Ficohsa Nicaragua to Accelerate Women’s Leadership in Business
Through both capital and strategic support, Banco Ficohsa Nicaragua and Incofin are helping the country’s business sector grow and showing their commitment to equal opportunities.
- Categories
- Investing
- Region
- Latin America
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BII Provides $100 Million Towards Green Investments and Financial Inclusion in Africa
The funding aims to drive sustainable growth by facilitating lending to climate-related projects and women-led enterprises, expanding financial inclusion, and helping to close the region’s $42bn gender financing gap.
- Categories
- Energy, Environment, Finance, Transportation
- Region
- Sub-Saharan Africa
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