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PRESS RELEASE: Citi, OPIC and ACBA Credit Agricole Bank Support the Growth of the Microfinance Sector in Armenia
New York, NY, June 24, 2014 /3BL Media/ – Citi and the Overseas Private Investment Corporation (“OPIC”) today announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA Credit Agricole Bank’s agribusiness microfinance portfolio in the Republic of Armenia.
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Start Small, Stay Small: Can better finance help Latin America’s microenterprises take the next step?
According to the World Bank, 60 percent of Latin America employees work for businesses with five or fewer employees. And its new companies grow at a much slower rate than similar businesses in other middle-income regions. In part 3 of our Impact Investing Insights series, we speak with Venture South’s managing director George Petty about how better finance can help.
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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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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
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- 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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- 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
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- Latin America
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