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Using Findex Wisely: Understanding the Strengths and Weaknesses of the World’s Biggest Financial Inclusion Dataset
The Global Findex report is an essential piece of data for the financial inclusion sector, but its insights should nevertheless be treated with caution, says Daniel Rozas. Exploring some inexplicable findings in the recent Findex 2017 release, he breaks down the limits of survey-based data, and explains how Findex can be used in combination with other forms of data to get a more accurate picture of financial inclusion progress.
- Categories
- Inclusive Fintech
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Asian Development Bank and Maybank provide USD 20 million in finance to Myanmar microfinance sector
Maybank and ADB will improve access to financial services to even more low-income families and small-business owners.
- Region
- Asia Pacific
- Tags
- ADB, banking, banks, financial services, global development, loans, MFIs, microfinance, Myanmar, SMEs
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Global Findex: Indonesia leads East Asia and the Pacific in financial inclusion progress
Almost fifty percent (48.9%) of the adults in Indonesia now own a bank account, reflecting a true turning point in the country’s journey to boost financial inclusion. This also registers a marked improvement from its 36% of account ownership in 2014 and 20% in 2011.
- Region
- Asia Pacific
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Report: Central Bank Requirements Could Put at Least 289 Microfinance Companies Out of Business in Ghana
According to the Ghana Microfinance Institutions Network (GHAMFIN), just about 30 out of the 319 microfinance companies are in good standing.
- Region
- Sub-Saharan Africa
- Tags
- Ghana, MFIs, microfinance, microlending, regulations, SMEs
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Kazakhstan to get huge IFC loan for its microfinance
International Finance Corporation (IFC), a member of the World Bank Group, is providing a senior syndicated loan of $82 million equivalent in Kazakh tenge to “Microfinance organization “KMF” LLC, a leading Kazakh microfinance institution, to boost lending to micro and small enterprises, including women entrepreneurs and customers in rural areas of Kazakhstan, the press service of IFC said in a message.
- Region
- Europe & Eurasia
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Press release: Bamboo Capital Partners exits from Mibanco, Latin America’s largest microfinance provider
Bamboo’s investment in Mibanco via its Financial Inclusion Fund I (FIF I) is Bamboo’s most significant investment to date. Following the investment, which made Bamboo the largest minority shareholder, the firm held a seat at Mibanco’s board where it provided strategic input and guidance throughout the investment period.
- Source
- Press release
- Categories
- Investing
- Region
- Latin America
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Viewpoint: What the gig economy can learn from the mistakes of microfinance
When the global financial crisis of 2008 struck, MFIs were largely unscathed, because their success was not tied to synthetic derivatives in London or Hong Kong, but rather hard-working, entrepreneurial individuals striving daily to build good businesses and provide for their families.
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Pakistan Government to Set up $75 Million Fund for Small Borrowers, Microentrepreneurs
The government has decided to set up a $75-million fund at the State Bank of Pakistan for borrowers interested in setting up small businesses, which is also expected to attract people to vote for the ruling Pakistan Muslim League-Nawaz (PML-N) in the upcoming general elections.
- Region
- South Asia
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