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Samsung, KWFT pact to boost mobile banking
NAIROBI, Kenya, Oct 10 – Samsung has partnered with local microfinance solutions provider, Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT-DTM) to promote the uptake of mobile technology solutions among women.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Accion’s Venture Lab: Open Ideas, Open for Business
Launched in April, the US $10 million seed-stage initiative is focused on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people at the base of the pyramid.
- Categories
- Technology
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Kyrgyzstan’s Leading Microfinance Institution, Bai Tushum, Becomes A Bank
BISHKEK, Kyrgyzstan, Oct. 5, 2012 — /PRNewswire-USNewswire/ -- On September 26 microfinance company Bai Tushum and Partners received preliminary permission from the National Bank of the Kyrgyz Republic to operate as a bank.
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- Uncategorized
- Region
- Europe & Eurasia
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Accion Invests $3 Million in Mobile Services Provider Tiaxa
Accion announced today that its Frontier Investments Group has invested US$3 million in Zonamovil Inc. (“Tiaxa”), a Chilean provider of managed services for the wireless telecom market. For more than 10 years, Tiaxa has provided mobile network operators globally with billing and rating services for prepaid mobile phone users, as well as innovative financial and business intelligence services that increase operator revenues and improve user satisfaction and loyalty.
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- Uncategorized
- Region
- Latin America
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The dawn of e-microfinance
It doesn’t look like Primiya Bai Rout, a vegetable cultivator in Salebhata village of Odisha, belongs in cyberspace. Yet, there she is, with a profile that nestles right next to Niharika Padia’s from New York. It is an unlikely pairing, but what has made it possible is a loan of Rs 400, given by Padia to Rout, so she can finance her vegetable business, thanks to Rangde — an online platform that enables people like Niharika to choose borrowers like Rout from a list of microloan seekers in the most remote corners of India.
- Categories
- Technology
- Region
- South Asia
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Habitat for Humanity Canada and The MasterCard Foundation partner to expand access to housing microfinance in Africa
ACCRA, Ghana, Oct. 1, 2012 /CNW/ - Habitat for Humanity Canada, Habitat for Humanity International (collectively "Habitat") and The MasterCard Foundation today announced the launch of a $6.6 million, five-year partnership to expand microfinance services to maintain and improve homes for disadvantaged families in three African countries.
- Categories
- Finance
- Tags
- housing, microfinance
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After the MFI Collapse, Uniting Financial Inclusion Data in India
To build off previous efforts to unite financial inclusion datasets, MIX, with funding from Citi Foundation, is building an interactive mapping platform to house and present a range of financial inclusion data on India, down to the district level.
- Categories
- Impact Assessment
- Tags
- microfinance
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Financial Inclusion of Women: The Need for Systemic Approaches, Savings, and Tailored Financial Products
Financial institutions—in particular those in microfinance—need to reexamine the lessons of the past and begin prioritizing the creation of financial services that truly benefit poor women in order to address this divide, said Mary O’Keefe, founder of two leading Mexican microfinance institutions (FINCA and CAME) and ProDesarrollo, the association of microfinance and enterprise development.
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- Uncategorized