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Start Small, Stay Small: Can better finance help Latin America’s microenterprises take the next step?
According to the World Bank, 60 percent of Latin America employees work for businesses with five or fewer employees. And its new companies grow at a much slower rate than similar businesses in other middle-income regions. In part 3 of our Impact Investing Insights series, we speak with Venture South’s managing director George Petty about how better finance can help.
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Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion.
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Why the Michael and Susan Dell Foundation is Investing in This Indian Lender
This spring, the Michael & Susan Dell Foundation invested $500,000 in IntelleGrow, an Indian company that provides customized debt finance to small and growing businesses in India to support small- and medium-enterprise (SME) startups.
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Bank of Ghana backs down on microfinance freeze
The Bank of Ghana says it has abandoned its initial plans to suspend the issuance of new operating licences to microfinance companies.
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- microfinance
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The Impact of Inclusion: CGAP report looks at recent evidence of how financial inclusion can help the poor
There’s a strong consensus that access to suitable financial services can help poor households improve their lives, while spurring economic activity. But what is the evidence for these positive impacts? CGAP tackled that topic in a recent Focus Note, and we spoke with Nina Holle, an associate microfinance analyst at CGAP, and a co-author of the report.
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- Education, Impact Assessment
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Over 70% of micro enterprises in Nigeria lack insurance protection, group raises alarm
A civil society organisation, Transparent Protection Limited (TPL), on Monday, in Abuja, raised the alarm that over 70 percent of micro enterprises in the country did not have any form of insurance.
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Grameen America Scales Microlending Model Across the U.S. with Launch of Microfinance Training Institute in Queens
Grameen America, a nonprofit microfinance organization offering microloans, training and support to help women in poverty build small businesses, today announced the launch of the first U.S. Training Institute for microfinance with the support of longstanding partner Capital One.
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Citi celebrates small successes with microentrepreneurship awards
Six microentrepreneurs, two lenders awarded
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