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Ghana: Banks Struggle to Mobilize Savings, as MFIs Take Deep Bite
The reserves of commercial banks in the country have been on consistent decline since the first quarter of the year following a sharp increase in the withdrawal of deposits and saving by their customers.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Incofin Investment Management endorses need for agricultural finance by launching new $200 million agRIF fund
Incofin Investment Management (IM) is seeking to raise around USD 200 million for its new agRIF fund which will focus on the unmet global demand for financial services that target smallholder farmers.
- Categories
- Agriculture
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Microfinance’s macro potential
Microfinance is, at its heart, an effort to provide financial services to people who are not served – or are under-served – by the formal banking system. With appropriate, accessible, and fairly priced financial services, people can build their savings, cover the costs of unexpected emergencies, and invest in their families’ health, housing, and education.
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- Uncategorized
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In the Pacific, banks go branchless to reach the unbanked
Branchless banking, mobile banking, mobile “wallets”, innovations in financial services are seeing thousands of poor and low-income people use their mobile phones to enter the financial system for the first time; to open accounts, get paid, save money and begin to move out of poverty.
- Categories
- Uncategorized
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In Nigeria, Accion disburses N22 billion in loans
Accion Microfinance Bank Limited has announced that the total amount of loans disbursed to customers since 2007 when it commenced operations currently stood at N21.7 billion.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Microlender Kiva gets $3M grant from Google; Aims to tackle microfinance 2.0
Late last week Google’s philanthropic arm announced it had chosen to give online microlender Kiva a Global Impact Award, which comes with a grant of $3 million.
- Categories
- Uncategorized
- Tags
- crowdfunding, microfinance
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Can microenterprises grow through finance?
For some time, microfinance has been a hot topic within the development community. Many researchers and practitioners see it as a way for people to smooth their consumption over time and thus avoid the effects of bad periods.
- Categories
- Uncategorized
- Tags
- microfinance
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