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Scoring for Access: Emerging evidence on the impact of credit scoring on SME lending
In developing countries, small and medium enterprises (SMEs) are an important source of innovation and employment. But in 2010, available credit for these SMEs fell about one trillion dollars short of demand. Credit scoring can help financial institutions meet this demand, and Innovations for Poverty Action has studied several credit scoring innovations that can promote SME growth.
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- Uncategorized
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JPMorgan Chase announces $100M Detroit investment
Financial giant JPMorgan Chase confirms plans to invest $100M in loans, grants into Detroit
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- Uncategorized
- Tags
- impact investing, lending
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Bank of Africa supports health sector
The Bank of Africa Tanzania has started giving loans to health sector institutions such as health centers, dispensaries and hospitals to enable them improve services.
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- Health Care
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- lending
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PRESS RELEASE: Accion to back new web-based lender focused on funding veteran-owned small businesses
WASHINGTON, May 2, 2014 /PRNewswire/ -- StreetShares, Inc., a new web-based lending platform, announced this morning the close of a $1.2 million seed round led by Accion Venture Lab, a seed-stage investment initiative sponsored by microfinance pioneer Accion. The round also included Washington D.C.-area community bankers, military veteran investors, Harvard Business School angels and Capital One alumni.
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- Uncategorized
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- lending
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Major lenders gear up for digital financial services in Indonesia
Following Bank Indonesia’s (BI) decision to revise its electronic money regulation, major lenders are now preparing to venture into the new frontier of branchless banking, with an aim to reach those underserved by banks.
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- Technology
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- lending
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Microfinancing Mexico Via Responsible Tourism Activities
Fundacion En Via aims to empower women in Mexican villages with interest-free loans and business coaching.
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- Uncategorized
- Region
- Latin America
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India’s SKS Microfinance Posts First Full Year of Profit Since Andhra Pradesh Crisis
SKS Microfinance Ltd has posted its first full year of profit after its business took a beating due to the microfinance crisis in Andhra Pradesh.
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- Environment
- Region
- South Asia
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- lending, microfinance
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PRESS RELEASE: So-Fi Peer-to-Peer Lender Surpasses Half a Billion Dollars in Student Loans Funded
SoFi has streamlined the lending process with a pain-free online application, mobile document upload, and helpful customer service via text, email, or phone.
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- Education
- Tags
- lending