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Fears Of China’s Shadow Banking Implosion Are Overblown
When China Commercial Credit, Inc. planned its IPO on NASDAQ last August, it had to cut the deal size twice because of weak investor appetite. The company ended up raising $8.9 million, only half of its original target.
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- Region
- Asia Pacific
- Tags
- microfinance
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Chinese microcredit firm moves into online P2P lending
China Commercial Credit, the only mainland microcredit firm listed in the United States, will become the first such company to venture into peer-to-peer (P2P) lending as part of moves to expand beyond its base in Jiangsu province.
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Accion to partner with Lagos on poverty alleviation
Accion Microfinance Bank (AMfB) said it is collaborating with the Lagos State government on a poverty eradication scheme. According to a statement, members of staff of the Lagos State Ministry of Commerce and Industry, led by the Director of Commerce Mr. Hakeem Adeniji, indicated this when they paid a courtesy visit to the head office of Accion recently.
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Weekly Roundup (2/14/14): The Kiva Debate
If you were reading NextBillion this week, you probably couldn’t help but notice - and perhaps get drawn into - a debate over Kiva. It started with Hugh Sinclair’s NexThought Monday post, and continued with Kiva’s response. Today, NextBillion’s editors explain why we published this controversial post, and why we believe the ensuing debate was worth having.
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OPINION: Can microfinance be self-regulated?
The Reserve Bank’s recent announcement, recognising industry associations as self regulatory organisations (SRO) is being seen as a positive development for the microfinance industry (MFIs). But have MFI associations acquitted themselves well enough to deserve this regulatory mantle?
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Absolving the ‘Original Sin’ of Microfinance
Micro-lenders have traditionally been vulnerable to unstable local currencies, but new groups are helping them hedge
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- Uncategorized
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Impact Investments Seek to Solve Social or Environmental Challenges while Generating Financial Profit
Elevar Equity, an impact investor, is looking to raise its third fund with a target corpus of $75 million by end-2014.
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- Uncategorized
- Region
- South Asia
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Mobile cash delights tithe-eager pastors in Zimbabwe
PENTECOSTAL churches in Zimbabwe have moved to take advantage of mobile phone penetration rates now said to be about 103.5 percent and the introduction of mobile money platforms to ease their tithe worries.
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- Uncategorized
- Region
- Sub-Saharan Africa
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