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Zimbabwe’s high interest rates, multiple borrowings and growing debts
Zimbabwe's microfinance institutions (MFIs) doled out $170 million worth of loans to clients in the first quarter of the year with the bulk of the funds going towards domestic consumption.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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From Vision to Reality: RBI ruling brings India one step closer to true financial inclusion
In a recent landmark ruling, the Reserve Bank of India has allowed non-banking financial companies to provide basic services such as bank accounts and transaction services. This paves the way for microfinance institutions to jump into the fray, and could drive true financial inclusion in a country where 720 million people still do not have a bank account.
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- Uncategorized
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Pakistani businesswoman Sadaffe Abid makes it her mission to empower women
Sadaffe Abid is one of Pakistan’s most successful businesswomen. She was the chief executive of the Kashf Foundation, one of the largest microfinance institutions in Pakistan, growing it from a pilot project in two rooms, to serve 300,000 female clients with micro-loans. Ms Abid also co-founded the Buksh Foundation, a Pakistani start-up that enhances financial access to micro entrepreneurs. After 13 years in micro-financing, Ms Abid now splits her time between Dubai and Pakistan, conducting leadership training focused on developing high-potential female professionals and entrepreneurs and emerging talent.
- Categories
- Impact Assessment
- Region
- North Africa & Near East
- Tags
- microfinance
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New private equity fund targets microfinance institutions for women
It’s been a while in the making, but this week Women’s World Banking finally closed its first private equity fund to invest in microfinance enterprises that support women.
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- Impact Assessment
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Nigeria’s Microfinance Banks Ready To Go Cashless
Abuja - The National Association of Micro Finance Banks (NAMFB), has expressed readiness of its members to key into Federal Government’s cashless policy.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Trouble Brewing in Microfinance?: Peru and Mexico’s microcredit sectors appear to be in danger of collapsing – and the market-driven model is to blame
In spite of its well-publicized struggles, the market-driven microcredit model remains a revered concept, linked to the belief that free markets and business solutions are the best solutions to poverty. But according to Milford Bateman, flaws in the market-driven model itself are responsible for grave challenges facing Peru and Mexico’s celebrated microcredit sectors.
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- Impact Assessment
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India’s microfinance sector set to rebound, says rating agency
Crisil says, loan portfolios of microfinance companies to grow at a compounded annual rate of 35%, to touch Rs450 billion by March 2016
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Citi, OPIC and ACBA Credit Agricole Bank Support the Growth of the Microfinance Sector in Armenia
New York, NY, June 24, 2014 /3BL Media/ – Citi and the Overseas Private Investment Corporation (“OPIC”) today announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA Credit Agricole Bank’s agribusiness microfinance portfolio in the Republic of Armenia.
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- Uncategorized