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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
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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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- Uncategorized
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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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- Uncategorized
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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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- Uncategorized
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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.
- Categories
- Uncategorized
- Tags
- microfinance
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