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World Vision and VisionFund Insurance Advance Climate Protection for Vulnerable Communities in the Amazon Basin
"Working with Global Parametrics and co-financed by the InsuResilience Solutions Fund, VisionFund will design a two-peril parametric meso-insurance for World Vision offices in Bolivia, Brazil, Colombia and Peru as part of the wider Amazon Basin Initiative."
- Categories
- Environment
- Region
- Latin America
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Is the World Bank to Blame for the Cambodian Microfinance Crisis?
For the past five years, Cambodia’s microfinance sector has been experiencing a major over-indebtedness crisis. And as inclusive finance consultant Daniel Rozas explains, despite multiple warnings that the sector was overheating, IFC, the World Bank’s private investment arm, poured fuel on the flames by investing in the largest and fastest-growing of the country's leading microfinance institutions. Making matters worse, after an investigation by IFC’s own ombudsman concluded that clients had been harmed due to its failure to monitor the social risks created by its investments, its board dismissed those findings. He explores how the industry went off the rails in Cambodia, and argues that IFC not only worsened the crisis, it helped undermine the sector’s own efforts to avert it.
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Analysis: Dismissing Microfinance Won’t Help Solve Global Poverty
Microfinance isn’t a cure-all solution to poverty, but abandoning it would ignore the real evidence that responsible financial services make a positive, lasting impact on people’s lives.
- Categories
- Finance
- Region
- Global
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Nigeria’s CreditChek Raises $600,000 to Expand its Credit Data Infrastructure Across East Africa
With this new funding, CreditChek plans to deepen its integrations across key East African markets, working closely with banks, microfinance institutions, and fintech lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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TLG Capital Zambia Closes $5 Million SME Lending Facility
TLG Capital structured the scaling facility for Shona Capital Zambia. The deal targets businesses too large for microfinance but too small for traditional banks. This segment faces a $2 billion financing gap across Zambia.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance, MSMEs, scale
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CreditAccess Grameen Bolsters its Microfinance Impact with USD $75 Million Social Loan
This move enhances CA Grameen's presence in international markets, with the company raising over USD 300 million in commitments globally this fiscal year.
- Categories
- Investing
- Region
- Asia Pacific
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Nigeria’s Paystack Moves Into Lending as It Acquires Ladder Microfinance Bank
Despite the number of players in Nigeria’s lending market, there’s still a substantial credit gap for small businesses estimated at around ₦13 trillion in unmet financing.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Gates Foundation to End Financial Inclusion Support in 2030
Transition to purely commercial funding for initiatives will not be ‘quick or simple.’
- Categories
- Finance
- Region
- Global
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