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Micro credit: Good or bad for Uganda’s poor population?
The experts says the micro-credits are also geared mainly towards consumption and emergences rather than investments.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Kiva Launches A Fund For Refugees And You Can Help
It may not seem so now, but whether people would loan money to a stranger was a pretty big question when Kiva.org started in 2005. One billion dollars later, the answer is a resounding yes.
- Categories
- Investing
- Tags
- Kiva, microfinance, microlending, migrants, migration, refugees
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Can Digital Credit Outperform Microcredit in the Developing World?
Microfinance has been hailed as a transformative force for poor households and entrepreneurs in emerging markets. But recent evidence suggests it is not the silver bullet it was once thought to be. Meanwhile, mobile phones have become ubiquitous in most developing countries, and Alexandra Wall, Natasha Beale and Carson Christiano explore whether digital credit can do a better job than microcredit in meeting the needs of the underserved.
- Categories
- Financial Inclusion, Impact Assessment, Investing
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World’s First Social Sustainability Bond Listed on a Stock Exchange
The US$8 million bond provides loans to social enterprises and microfinance institutions, which, in turn, aim to help more than 385,000 women in Cambodia, the Philippines and Vietnam.
- Categories
- Investing
- Region
- Asia Pacific
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Nigeria: 10 Microfinance Banks Account for 40 Percent of Industry Loan
THE Central Bank of Nigeria (CBN) has said the ten microfinance banks account for 40 percent of total loans in the subsector.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance, microloans, Nigeria
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Kiva.org Reaches $1 Billion Milestone in Crowd-Funding Loans Disbursed Globally
Kiva provides financial support to low-income borrowers, enabling individuals from all over the globe who have few other opportunities for financial assistance to receive a critically needed loan.
- Categories
- Financial Inclusion
- Tags
- Kiva, microfinance, microlending
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Yes, microlending reduces extreme poverty
Currently, 836 million people – or 12% of the world’s population – experience extreme poverty, living off less than US$1.25 a day. Using data from 106 developing countries from between 1998 and 2013 to examine the efficacy of microlending as a poverty-reduction tool, I found that just a 10% increase in the gross microfinance loan portfolio per client could cut this number by 1.26%.
- Categories
- Financial Inclusion, Investing
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Zimbabwe cash crisis hits microfinance institution GetBucks
“When we do have cash we have been able to disburse money, but particularly bond notes that we are receiving from the Reserve Bank of Zimbabwe. It differs daily based on demand so on one day it can be $30, $50 and $100. Its similar with what is prevailing in the market,” Soko said.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
- Tags
- Africa, banking, microfinance, Zimbabwe
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