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Saving Nigeria’s micro-finance banking sector
The recent approval of the liquidation of 83 micro-finance banks (MFBs) by the Central Bank of Nigeria (CBN) is bad news from the banking sector. It is worrisome that as many as 83 of these institutions are going under, barely four years after 224 of them were declared insolvent in 2010, with attendant negative implications for depositors’ funds.
- Categories
- Uncategorized
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Aavishkar Hopes to Close $75 M Frontier Fund, Take Impact Investing Model Beyond India
Set to take its impact investing model to Indonesia, Sri Lanka, Myanmar, Bangladesh and Pakistan
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- Impact Assessment
- Region
- South Asia
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Indian banks develop a liking for microlending
India’s microlending industry, dominated by traditional microfinance institutions (MFIs), is witnessing a re-emergence of interest from commercial banks, which are targeting low-income borrowers.
- Categories
- Uncategorized
- Tags
- microfinance
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Best Practices in Mobile Finance: Four fundamental service features that can have a positive impact on people’s lives
There is a growing amount of evidence on how best to provide financial services to the poor. The Gates Foundation’s Jake Kendall and Rodger Voorhies highlight some emerging trends from the research that they think constitute “best practices” for the field.
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- Finance, Telecommunications
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Chinese NGO Aims to Tackle Poverty in Burma Through Microloans
A Chinese NGO is set to implement micro-finance programs across Burma in a bid to tackle rural poverty.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Indian Microfinance Body Seeks RBI Nod for Self-regulatory Status
Last year, the RBI had released guidelines on self-regulation by MFIs in accordance with the recommendations of the Malegam panel set up by the apex bank earlier to look into regulatory aspects of micro-lending following the Andhra Pradesh microfinance crisis of 2010.
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- Uncategorized
- Region
- South Asia
- Tags
- governance, microfinance
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Accion Microfinance Bank Share capital Reaches N1.205bn in Nigeria
The micro finance bank’s robust financial base reflects on over N21.7billion disbursed in loans to more than 110,000 customers since inception.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Why Insurers are Partnering with Telcos to Bring Microinsurance to the BoP: CGAP report explores the status of this young industry
Recent growth in microinsurance has come mostly in Africa and mainly in low-income countries, according to a recent report from CGAP. These products are small-scale insurance policies reliant on mobile phones for some combination of sign-up, payment and administration. Providers have been experimenting to learn what works and why.
- Categories
- Technology
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