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Indian microfinance bank Bandhan plans to open 600 branches
Microfinance outfit Bandhan Financial Services Ltd., which got a banking licence from the Reserve Bank of India on April 9, is planning to open around 600 branches, its Chairman and Managing Director Chandra Sekhar Ghosh said.
- Categories
- Uncategorized
- Region
- South Asia
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Reserve Bank of India May Allow MFIs to Function as Business Correspondents of Banks
However, the move has faced serious opposition from various departments in the central bank.
- Categories
- Uncategorized
- Region
- South Asia
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Philippines Using Postal Banks to Advance Financial Inclusion
The Philippine Postal Savings Bank (Postbank) inaugurated Tuesday this week two branches of its Microfinance Banking Office (MBO) or Bangko sa Nayon in Albay alongside the government efforts to pursue inclusive growth particularly on the countryside.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Microfinancing Mexico Via Responsible Tourism Activities
Fundacion En Via aims to empower women in Mexican villages with interest-free loans and business coaching.
- Categories
- Uncategorized
- Region
- Latin America
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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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