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Microfinance Can Be…: Month of Microfinance aims to “radically transform” microfinance, bring the focus back to clients
Microfinance was intended to be about clients, and designing products that would meet their financial needs. But in her research on MFIs, Laura Dick found that all too many seemed more interested in their repayment numbers or other institutional goals. The Month of Microfinance was launched, she says, to refocus the sector on the needs of the poor and radically transform it from the inside out.
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- Impact Assessment
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Behind the Scenes at Financial Inclusion 2020: Elisabeth Rhyne outlines the next steps in the movement to achieve global financial access
The Financial Inclusion 2020 Global Forum brought together hundreds of leaders to dedicate themselves to quality financial access for all by 2020. Since October, the Center for Financial Inclusion has been following up on the insights generated at the summit, and laying the groundwork for the next big push. Elisabeth Rhyne discusses the movement’s progress and next steps.
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Claims processing time critical to microinsurance success in Nigeria, stakeholders say
For effective take-off and maximisation of microinsurance opportunity in Nigeria following the release of operational guidelines by the National Insurance Commission (NAICOM), operators must work on claims processing time for the project to succeed.
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Rwanda’s Push for Financial Inclusion: The government has set a target of 90 percent financial inclusion by 2020
Six years ago, the 2008 FinScope survey found that just 21 percent of Rwandan adults were participating in the formal financial sector. Largely in response to these figures, the government launched bold initiatives focused on financial inclusion. Now, according to World Bank researcher Douglas Randall, signs of progress are everywhere.
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Leapfrog invests $29 million in IFMR Capital Finance
US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for $29 million (Rs 174 crore). IFMR helps microfinance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets.
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Weekly Roundup – 3/29/14: Blurred Lines in Banking – the changing definition of “bank” at the BoP
The Internet has reshaped banking in the U.S., where half of the population hasn’t entered a bank branch in the past month. This evolution has been even more dramatic at the BoP, where mobile and branchless banking services are making brick-and-mortar banks increasingly obsolete. We take a look at these changes in this week’s Roundup.
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Grameen Foundation announces funding boost for microfinance activities in Latin America
US charitable foundation Grameen Foundation has announced new $500,000 match funding backing to aid its Last Mile Initiative, that’s helping lift communities from rural poverty, including farmers in Colombia and Guatemala...
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- Agriculture
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Global MFI Investors Shift Focus from Asia to Africa
With the MFIs realigning their fund allocations, South Asia, the traditional microfinance hub, is facing challenge from Africa for the first time
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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