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Press release: Visa and Branch form micro-credit partnership
The loans will provide merchants with funds to grow their business through supplemental stock, infrastructure investment, and other key operational needs. Loans will be disbursed directly to the merchants’ phones.
- Categories
- Finance
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Industry body seeks government intervention to tame errant microfinance practitioners in Sri Lanka
LMFPA aims to self-regulate its 76 members through the code of conduct, particularly avoiding over indebtedness, maintaining transparency, promoting good recovery practices and maintaining healthy competition. Nafeer noted that an independent board would investigate the complaints lodged against its members and will take punitive action against errant members by terminating their membership if they continue to breach the code of conduct and same will be advertised in print media to inform the public.
- Region
- South Asia
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Beyond Inclusion: How Mission-Based Small Business Lenders are Evolving Their Definition of Impact
While microfinance institutions have grown rapidly around the globe, so too has economic inequality in developed countries. More than two decades ago, Accion in the U.S. and Opportunity Fund responded by adapting their microlending model from low-income markets to the United States. Gina Harman and Luz Urrutia, the respective CEOs of those two organizations, share new research on small loans have impacted revenues and profits for borrowing entrepreneurs, most of whom lacked the financing and resources they needed to start or grow their businesses.
- Categories
- Entrepreneurship
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Viewpoint: Achieving Nigeria’s financial inclusion
Despite the country’s economic growth, in February this year, it was reported by the AfDB that over 150 million Nigerians (81% of the population) live on less than $2 a day – a 20% increase in people since 2014.
- Region
- Sub-Saharan Africa
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Women Leaders, Women Lenders: Why Impact Investing Should Follow Microfinance’s Lead on Female Empowerment
Women have been an integral part of microfinance since the very beginning. But though the percentage of women in top leadership positions in microfinance institutions is high compared to the rest of the global banking sector, it’s still lower than women’s proportion of the overall population – and far lower than the percentage of female clients served by these institutions. Abiskar Shrestha, a senior investment officer at MicroVest Capital Management, explores how the sector can boost female leadership – and how investors can help.
- Categories
- Entrepreneurship, Investing
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Press release: VisionFund Cambodia Sold To Woori Bank of Korea
In line with VisionFund International’s strategy, it will redeploy the funds to other microfinance institutions across its network that are at earlier stages of development, in markets less wellserved by microfinance providers and where VisionFund, as an early entrant offering microfinance services can impact more vulnerable families, living in rural communities with limited ability to access financial services.
- Region
- Asia Pacific
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Global fintech investors team up to promote responsible digital finance
While the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.
- Categories
- Finance
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Advances and lessons learned from BIM, Peru’s first mobile money wallet
BIM recently announced its plans to launch new services in the second half of 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings, loans, and microinsurance.
- Categories
- Finance
- Region
- Latin America
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