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India’s SKS Microfinance Posts First Full Year of Profit Since Andhra Pradesh Crisis
SKS Microfinance Ltd has posted its first full year of profit after its business took a beating due to the microfinance crisis in Andhra Pradesh.
- Categories
- Environment
- Region
- South Asia
- Tags
- lending, microfinance
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How Zidisha Sidestepped Banks and Took Microfinancing Peer-to-Peer
Microfinancing platform Zidisha is changing the way microlending works. By cutting out the middle man, they have drastically reduced interest rates for borrowers in the developing world.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Opinion: How Aadhaar, India Post Can Transform India’s Finance
In an episode, Raghav Bahl discussed the idea of setting up a new payments bank which could be a joint venture between Aadhar and India Post.
- Categories
- Uncategorized
- Region
- South Asia
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Jamaica Micro Financing Association Urges Microfinancers to Lend to SMEs
Chairman the Jamaica Micro Financing Association (JaMFA) Hurshel Cyrus has challenged his colleagues to increase funding to the micro, small and medium-sized (MSME) sector.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
- Tags
- lending, microfinance
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Lok Capital Sells its Stake and Leaves RuralShores Business Services
mpact investment firm Lok Capital has exited its portfolio company RuralShores Business Services by selling its stake in the rural business process outsourcing (BPO) company to an unnamed strategic investor.
- Categories
- Investing
- Region
- South Asia
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The Great Equalizer: How advances in “big data” allow tech-savvy start-ups to compete with the major players in East Africa
Thanks to the availability of fast, inexpensive data, start-ups with technology-enabled models can create scaled products and innovate much faster, smarter, and more cheaply than incumbent institutions. Accion Venture Lab’s Nate Gonzalez discusses why this is particularly relevant to the SME lending space in East Africa.
- Categories
- Uncategorized
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Putting Microbusiness on the Map: U.S. students survey local businesses to compete for social enterprise seed funding
In the U.S., 3.7 million people remain long-term unemployed. Without job opportunities, many Americans are becoming entrepreneurial out of necessity - but they often lack capital. That’s why Lend for America is working with local students in the Philadelphia area to provide microfinance for social entrepreneurship.
- Categories
- Finance, Impact Assessment, Social Enterprise
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Press Release: Citi Issues 2013 Global Citizenship Report
Citi today released its 14th Global Citizenship Report, an annual overview addressing the company’s social, environmental and governance achievements and challenges. The 2013 Citi Global Citizenship Report underscores Citi’s goal of enabling progress for clients and communities around the world.
- Categories
- Impact Assessment