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Matching capital with ‘space’ in unlocking Nigeria’s microinsurance potential
Nigeria prepares to unlock its microinsurance potential given the country’s huge population of 170 million people and a demographic structure leaning towards the mass poor.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Digitizing Savings Circles for the Base of the Pyramid: Bringing a centuries-old concept into the digital age
Traditional savings circles have existed in different forms for centuries, and are popular in immigrant communities in the U.S. and emerging markets around the world. Accion Venture Lab discusses how the Internet and social media are allowing companies to formalize and digitize them to make them more accessible to a greater number of people.
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- Uncategorized
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PRESS RELEASE: Accion Venture Lab Invests in eMoneyPool
March 4, 2014 – Today Accion announced an investment in digital savings company eMoneyPool (EMP) through its Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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- Uncategorized
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Kiva Partners with Vittana to Bolster its Student Loans Program
Kiva is one of the microfinance pioneers, helping entrepreneurs and small businesses secure loans from backers who give as little as $25. The platform, which has been around since 2005, has collected over $500 million in loans from its million-strong community.
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- Uncategorized
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No Silver Bullet: While microfinance alone won’t end poverty, it is making an impact – so let’s re-focus it to serve the poor
The debate about microfinance is getting a little tedious, says Freedom from Hunger CEO Steve Hollingworth. Instead of arguing over whether microfinance alone is lifting most clients out of poverty (it’s not), we should be having a transparent discussion of its strengths and limitations.
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- Impact Assessment
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Myanmar caps microfinance loans at $500, sparking MFI concerns about small business growth
A new directive in Myanmar caps microfinance (MFI) loans at $500, which has the sector worried that small business growth could be stifled even as it expands its role within the Southeast Asian economy.
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- Uncategorized
- Tags
- governance, microfinance
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Central Bank of Nigeria refutes report of imminent shutdown of 600 microfinance banks
The Central Bank of Nigeria CBN on Tuesday refuted a recent report that 600 microfinance banks (MFBs) were facing imminent shutdown. According to a statement by the apex bank, its Director, Other Financial Institutions Supervision Department (OFISD), Mr. Olufemi Fabamwo was quoted as saying that the story was totally untrue and misleading.
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- Uncategorized
- Tags
- governance, microfinance
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Airtel Money generates 30m transactions worth $1b monthly in Africa
With its activities cutting across 15 countries in Africa, the Airtel Money has been described as a significant contributor to the mobile financial sector in Africa as it generates a monthly average of 30M transactions valued at $1 billion from an active base of 5 million customers.
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- Uncategorized
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