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OPINION: Microloans for consumption spell ruin
AFRICAN Bank may have been the first to fall, but this is just one part of a tragic story that concerns all microlenders who provide cash loans to fund consumption, which affects SA much more broadly and deeply than the collapse of a single business.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Genius in Microfinance – Reflections on Pancho Otero
In a recent retrospective, Rich Rosenberg called Pancho Otero, the founding leader of Bolivia's Prodem and BancoSol, a genius. Elisabeth Rhyne tell the story of who Otero was and what he accomplished.
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- Uncategorized
- Region
- Latin America
- Tags
- microfinance
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Indian micro-lenders to open 30 million bank accounts by Aug 2015
Microfinance companies have committed to opening at least 30 million bank accounts within a year through tie-ups with banks as part of the government’s ambitious financial inclusion plan likely to be announced on Independence Day.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Indian MFIs demand more incentives for working as business correspondents
According to survey by microfinance institution network (MFIN), published in February this year, nine out of 14 MFIs closed their operation as BCs in the recent past.
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- Uncategorized
- Region
- South Asia
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Micro-insurance products in India may see sea-change
Better remuneration to distributors and policies with bigger ticket size may boost sale
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- Uncategorized
- Region
- South Asia
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3 Startups Offer New ‘Microloan’ Options for Entrepreneurs With Big Ambitions
In the United States, a whopping 543,000 new businesses are launched each month. Sadly, half of all start-ups aren’t able to keep their doors open for more than five years. The failure of many small businesses is due, in large part, to lack of funding.
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- Uncategorized
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U.S. wants Nigeria to take economic leadership in Africa
The United States government has expressed the expectation of Nigeria to lead the African continent into economic advancement.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Social Enterprises Raise Money Through Direct Public Offerings
Looks like there’s a growing interest among social enterprises in a capital-raising method called Direct Public Offering (DPO).
- Categories
- Uncategorized
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