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PRESS RELEASE: Free Loan-Repayment Processing Helps Grameen America Increase Macro Impact on Women
Through PayNearMe, Grameen America Borrowers Gain Convenient Option to Repay Loans at 7,800 7-Eleven Stores Nationwide, as Grameen Expands Solution to California and New York.
- Categories
- Uncategorized
- Tags
- lending, microfinance
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Striving for Consistency: A new guide aims to standardize impact assessments of the growing microinsurance market
Estimates suggest there are close to 270 million microinsurance clients in the developing world, with a potential market estimated at 3 to 4 billion policies. But while assessing the social impact of this growing sector is vital to improving product design, there is a dearth of consistency amongst the impact assessments being conducted. Microinsurance Network created “A Practical Guide to Impact Assessments” to address this challenge.
- Categories
- Education, Health Care, Impact Assessment
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Microcredit oversold as anti-poverty tool, economists say
Microcredit is no panacea for lifting millions of people from poverty, leading economists said on Friday in releasing research from seven countries that challenges a key development tool.
- Categories
- Education, Impact Assessment
- Tags
- microfinance, research
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Bitcoin Takes a Step Into the Microfinance World
Stellar, the cryptocurrency-based payments system launched last year by Jed McCaleb, announced a partnership with banking-software company Oradian to use Stellar platform in its core banking software for microfinance institutions.
- Categories
- Uncategorized
- Tags
- microfinance
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PRESS RELEASE: Deutsche Bank Marks Milestone for USD $83 Million Microfinance Fund
The Fund reached 5.5 million low-income and rural borrowers in 15 countries
- Categories
- Uncategorized
- Tags
- lending, microfinance
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MasterCard, Grooming Centre Boost Financial Inclusion for MSMEs in Nigeria
Over 500,000 female entrepreneurs in Nigeria are to be introduced to electronic payments under a new partnership agreed between MasterCard and local microfinance institution Grooming Centre.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Don’t Cover Everything: Why targeted health microinsurance can work better than full coverage
EA Consultants’ efforts to understand both the business case and client value of microinsurance led to some interesting findings. For instance, catastrophic health insurance represented much greater value than primary or outpatient care for clients, but its behavioral effects skewed against good health outcomes. Barbara Magnoni discusses these findings, and offers some solutions.
- Categories
- Education, Health Care
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Kompanion Financial Group Completes Equity Raise with Investment from FMO and Triodos Investment Management
Kompanion Financial Group, one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients, has concluded an equity raise selling a 35% stake to international investors. The shares were purchased by Netherlands based investors FMO and Triodos Investment Management, with the latter investing through Triodos Fair Share Fund and Triodos Microfinance Fund. Kompanion’s founder Mercy Corps will remain majority shareholder and hold a 65% stake. The funds will be used for growth capital in the lending operations and support Kompanion’s transformation to a licensed banking institution.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
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