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Start-ups like InVenture flourish with technology services for micro finance firms
BANGALORE: A new wave of start-up companies is building technology enabled services aimed at bridging the communication gap between borrowers and lenders in the embattled microfinance industry.
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- Technology
- Region
- South Asia
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- microfinance
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Rural banks partner with telcos to boost microfinance
Rural banks will soon have their own set of “killer apps” to better compete with bigger banks and, more importantly, expand their microfinance services in the Philippines.
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- Technology
- Region
- Asia Pacific
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India’s microfinance industry gets some relief
It’s a period in history that India’s microfinance industry would probably rather forget: In late 2010, more than 200 poor residents of the Andhra Pradesh state committed suicide allegedly due to excessive pressure from microcreditors for debt repayments. Backlash against microfinance institutions not just in the state but the whole of India followed.
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- Uncategorized
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- South Asia
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- microfinance
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Ghana: Midland to Deplore 300 ATMs, 5,000 POS Devices
Midland Savings &Loans Company Limited, the leader in Ghana's microfinance sector has disclosed that it would add up four more branches this year to it existing branches to further bring banking services to its numerous customers across the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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India’s RBI Eases Regulations for Non-Bank Microfinance Lenders
India’s central bank eased norms for non-bank microfinance companies, removing a cap on lending rates and relaxing risk-provision standards, after some lenders found it difficult to meet existing regulations.
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- Uncategorized
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- South Asia
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- microfinance
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Is Wall Street a Good Training Ground for Social Entrepreneurs?
Luanne Zurlo is the founder of Worldfund, an organization dedicated to improving education in Latin American countries. We recently featured one of her collaborations with the Rassias Center for language. Here we return to Luanne to learn more about her, and about her involvement in this organization that facilitates the education of so many Latin Americans.
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DBJ pilots mobile solution to microfinancing
In a bid to reduce loan costs for small-scale commercial borrowers, the Development Bank of Jamaica (DBJ) is piloting a mobile money product that was given the green light by the Bank of Jamaica mid-year.
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- Technology
- Region
- Latin America
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- microfinance
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Mexico experiments with the ‘branchless’ bank
Tess Vigeland: The FDIC estimates that somewhere around 18 percent of the U.S. population is what's called underbanked -- Ppeople who turn to payday lenders and check cashing services and the mattress because they don't have good access to the banking system.
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- Uncategorized
- Region
- Latin America