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Kiva Responds: The famed microlender replies to Hugh Sinclair’s scathing critique
On Monday, NextBillion Financial Innovation published a post by Hugh Sinclair, a prominent critic of microcredit, in which he leveled some sharp criticisms of Kiva, its microlending model and business practices. Today, Kiva’s co-founder/CEO and president give their side of the story.
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- Uncategorized
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Why This Social Entrepreneur Is Paying African Women To Go To Free HIV Clinics
Nigerian women get a small payment everytime they’ve received a treatment in a clinic, proved by their geotagged doctors’ notes.
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- Health Care
- Region
- Sub-Saharan Africa
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- microfinance
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Reserve Bank of India Eases Lending Norms for Microfinance Institutions
Move gives more leeway to medium-sized micro lenders to price their loans based on their cost borrowings
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- Uncategorized
- Region
- South Asia
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- governance, microfinance
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Somaliland: Silatech and Kaaba Microfinance Partner to Support Youth Enterprise
Silatech has signed a Memorandum of Understanding with Kaaba Microfinance Institution (K-MFI), based in Somaliland, to promote youth enterprise and employment solutions. The agreement paves the way for the two organizations to jointly develop a Youth Enterprise Fund, which will provide dedicated funds and technical assistance to microfinance institutions throughout Somaliland.
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- Uncategorized
- Tags
- microfinance
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Don’t charge to enlarge: the effect of interest rate changes on microfinance access
A STORY in the finance section this week looks at what has happened to microfinance interest rates. To summarise briefly: we argue that as microfinance for the very poorest borrowers has expanded, microfinance institutions (MFIs) have had to raise their rates. As MFIs target poorer, less reliable customers, they need to charge higher rates to cover increased defaults and steeper funding costs.
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Microinsurance could soon be sold by local grocery stores, gas stations in India
Micro insurance products could soon be sold by local grocery stores, public call offices (PCOs), fuel outlets and ration shops in rural areas. However, insurance sector officials also believe this would hamper the need-based sale objective.
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- Uncategorized
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Nonprofit launches the first global P2P lending platform
Zidisha has launched its global direct microlending platform at the legendary tech startup incubator Y Combinator. Dubbed an "eBay for microlending", Zidisha is the first online P2P lending platform to link individual lenders and borrowers directly across international borders.
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- Uncategorized
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India’s SKS Microfinance recovering from Andhra Pradesh crisis
SKS Microfinance Ltd, India’s only listed microlender, plans to raise Rs.400 crore in the next fiscal year with a maximum equity dilution of 20%.
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- Uncategorized
- Region
- South Asia
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