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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.
- Categories
- Technology
- Region
- Latin America
- Tags
- 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
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Using Small Loans to Generate Big Profits
NAIROBI, Kenya—At a recent group-lending meeting in the Kawangware slum, about 10 miles from downtown, Jackson Munyovi sought $350 to build a new shanty for his wife and two children.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Poor women to get mobile feeds on their financial info
Poor women in Andhra Pradesh could soon get access to their financial transactions on mobile.About 90 lakh women members of self help Groups (SHGs) in Andhra Pradesh can look forward to this facility, thanks to a mobile book-keeping project being launched by the State Government.
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- Technology
- Region
- South Asia
- Tags
- microfinance
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New youth savings program launched in Yemen
Silatech and the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) have signed an agreement with Al-Amal Microfinance Bank (AMB) and Al-Kuraimi Islamic Microfinance Bank (KIMB) in Yemen to provide financial access to tens of thousands of young Yemenis through an innovative new youth savings program.
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- Uncategorized
- Region
- North Africa & Near East
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- microfinance
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Innovations in Financial Inclusion: Community Development and Co-operative Strategies: Ashoka Changemakers has Launched the G20 Financial Inclusion Challenge
In June Mexican Presidency of the G20 and Ashoka Changemakers officially launched the G20 Financial Inclusion challenge during the summit in Los Cabos. It signaled the G20’s continued emphasis on financial inclusion as a component of stable and vibrant financial systems.
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- Uncategorized
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Annapurna Microfinance raises $2.36M from Incofin Investment Management
Orissa-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 13 crore ($2.6 million) from Belgian investment firm Incofin Investment Management's Rural Impulse Fund II.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Grameen Koota Raises INR 25 Crores through Non-Convertible Debentures
Microfinance Focus, June 22, 2012: Bangalore-headquartered microfinance firm Grameen Financial Services Private Limited (GFSPL), popularly known as Grameen Koota has raised INR 25 Crores (USD 5 million) in debt funding through an issue of secured, redeemable, non-convertible debentures (NCDs).
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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