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US International DFC Approves $20 Million for Ummeed Housing Finance
The project is expected to create a positive impact in Tier 2, 3 & 4 cities of India by improving access to institutionalized credit through affordable housing finance.
- Categories
- Finance
- Region
- Asia Pacific
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Ugandan Fintech Asaak Acquires Flexclub Mexico as It Expands to Latin America
Asaak joins Nigeria’s Paga as one of the few African tech companies to expand to Latin America.
- Categories
- Finance, Technology
- Region
- Global
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Press Release: Biden-Harris Administration Invests $266 Million to Help Rural Business Owners, Farmers and Ranchers Lower Energy Costs, Generate Income, and Expand Operations, as Part of Investing in America Agenda
USDA is investing $266 million in 1,334 renewable energy and energy-efficiency projects in 47 states, Guam and Puerto Rico.
- Categories
- Agriculture, Energy, Technology
- Region
- North America
- Tags
- employment, lending, MSMEs, renewable energy, solar
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BII and FMO Unveil $40 Million Commitment to Dashen Bank, Supporting Ethiopia’s Financial Sector
The innovative facility enables a progressive local bank to expand lending to exporters.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Yunus Was Right — Credit is Indeed a Human Right, and Savings is Important Too: Why the Microfinance Sector Must Avoid the ‘Circular Firing Squad’ and Promote Multiple Approaches to Financial Inclusion
Alex Counts, financial inclusion pioneer and founder of Grameen Foundation, took issue with Jeffrey Ashe’s recent NextBillion article, “Yunus Was Wrong—Savings, Not Credit, is a Human Right.” He argues that, instead of seeing the world through an “either/or” lens, the financial inclusion sector should embrace multiple tools, including credit, savings, insurance and more — and he urges today's changemakers to avoid promoting one social innovation at the expense of others.
- Categories
- Finance, Social Enterprise
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Sweeter Prospects for Cocoa Farmers: A Recent Study Shows How Formal Land Rights Improve the Financial Outlook for Smallholders in Cote d’Ivoire
Cocoa is one of the world’s most prized foods, but the smallholder farmers who produce it typically live in poverty and often lack formal rights to the land they're farming. Scott Graham and Anahit Tevosyan at FINCA International explore how a partnership between global chocolate companies and other industry and development sector players is strengthening farmers' property rights in Cote d’Ivoire — the source of 45% of the world’s cocoa — thereby aiming to improve their financial health and resilience.
- Categories
- Agriculture, Finance
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The Coca-Cola Foundation to Support Under-Represented Entrepreneurs
Kiva assists people who do not have access to commercial bank services to lenders through crowdfunding microfinance.
- Categories
- Agriculture, Environment, Finance, WASH
- Region
- Global
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Press Release: IFC and IIFL Home Finance Ltd. Partner to Boost Women’s Access to Affordable Housing Finance, Promote Green Homes in India
New funding will help increase access to housing finance among economically weaker sections (EWS) and low-income groups (LIG), including women borrowers in India.
- Categories
- Finance
- Region
- Asia Pacific