-
Making it Easier to Go Digital: Lowering barriers to entry for pro-poor financial institutions in Uganda
In December 2014 Airtel Uganda launched a mobile banking service to allow bank customers to access their accounts through mobile money agents. These services allow pro-poor financial institutions to reach rural Ugandans, but forging these digital connections is complex. In the third post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores ways to overcome this complexity.
- Categories
- Uncategorized
-
Prime Minister Modi Launches MUDRA Bank, Expected to Benefit 5.77 crore Microfinance Institutions in India
Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana. This will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
-
Reserve Bank of India to Hike Limits for Priority Sector Lending, Allow Inter-Bank Bond Investments
Indian banking regulator has proposed to hike the eligibility criteria to classify a loan as priority sector lending (PSL) which is expected to particularly boost microfinance institutions (MFIs) in the country.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
-
Indian Prime Minister Modi Asks Reserve Bank to Prepare 20-Year Financial Inclusion Roadmap
Prime Minister Narendra Modi on Thursday asked the Reserve Bank of India to prepare a 20-year roadmap for deepening financial inclusion in the country.
- Categories
- Uncategorized
- Region
- South Asia
-
MCE Social Capital Reaches $100 Million in Loan Guarantees for Social Good
Launched in 2006, the nonprofit impact investing firm has used its innovative loan guarantee model to generate economic opportunities for nearly two million people living in poverty.
- Categories
- Uncategorized
-
The Power of Social Underwriting: Kiva Zip, on why it pays for lenders to tap the wisdom of the crowd
Social underwriting, ie: assessing borrowers’ creditworthiness by tapping into their existing trust networks, is a time-honored principle in community banking. And it’s increasingly being combined with digital tools to expand access to capital for borrowers that conventional lenders might reject as too risky or unprofitable. Kiva Zip’s senior director describes four ways they are implementing the approach.
- Categories
- Uncategorized
-
Press Release: Caspian Impact Investments Raises $20 Million in Financing From OPIC
Caspian Impact Investments (CII) today announced that it closed a debt financing commitment of $20 million from the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution.
- Categories
- Uncategorized
- Region
- South Asia
-
Interview: Transforming Banking for the Poor: A Q&A With Jonathan Morduch
Microfinance was once heralded as a key weapon in the fight against global poverty. Yet some 2.5 billion impoverished people across the world still don’t have access to basic financial services, according to the latest World Bank data.
- Categories
- Uncategorized