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Press Release: Grameen America Launches Impact Investing Fund to Support Minority Women Small Business Owners Impacted by the Pandemic
Over the course of the fund's five-year life, $17.5 million will be redeployed in nearly $200 million of cumulative loans to women entrepreneurs.
- Categories
- Coronavirus, Investing
- Region
- Sub-Saharan Africa
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In Latin America, Farmers Use Microfinance to Fight Climate Change
Globally, more than 1.5 billion people live or work on small farms, like Gomez's. They often cannot afford the advanced technology that could help them contend with the fallout from climate change.
- Categories
- Agriculture, Environment
- Region
- Latin America
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Data + Digitization: The Key To Helping African Banks and Microfinance Institutions Support Their Customers During COVID-19
Thanks to COVID-19, the IMF projects 2020 to be the worst year for Africa's economic growth since its record-keeping began in 1970. And concerns are also mounting about the likelihood of an increase in non-performing loans, which will impact businesses, industries and individuals across the continent. Cate Rung at Pngme explores how financial technology – including a unified data API platform – can help banks and microfinance institutions weather this crisis, while delivering services that comply with social distancing measures.
- Categories
- Coronavirus, Finance, Technology
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Five Ways To Use Media To Challenge Social Norms: Lessons From Kashf Foundation’s Innovative Use of Television for Social Impact
While researching organizations that are making a social impact through narrative storytelling, producer Lara Storm spoke with Roshaneh Zafar, president and founder of Kashf Foundation, a Pakistani microfinance organization that also produces popular television shows focused on challenging harmful social norms. Zafar shares five lessons from Kashf’s success, which provide a useful foundation for other organizations that are exploring social impact through entertainment.
- Categories
- Finance
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Analysis: Revolutionising Nigeria’s Microfinance Landscape Through Insurtech
According to Augusto & Co’s estimates for the 2019 financial year, the insurance industry in Nigeria generated gross premium income (GPI) of N471 billion, approximately 12% higher than the preceding year’s GPI. Compared to other African countries like Kenya and South Africa with 2.9% and 14% respectively, insurance penetration in Nigeria is low.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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MFIs in India: Need Social Impact Monitoring
The pandemic has necessitated the need to re-look at the tenets of MFI lending
- Categories
- Education, Finance, Technology
- Region
- Asia Pacific
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‘Our Only Competition Is Poverty’: How Avanti Finance Aims To Create a ‘Population-Scale’ Digital Microfinance Platform in India
India has long been a hotbed of digital financial innovation. Avanti Finance is an emerging innovator in the sector, with a digital lending platform that aims to bring affordable microfinance to even the poorest customers. NextBillion spoke with CEO Rahul Gupta to discuss Avanti’s unique model, and the challenges of serving low-income customers both efficiently and responsibly.
- Categories
- Finance, Technology
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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific