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Central Bank of Zambia Approves k2.3 Billion for Businesses to Remain Afloat
THE Bank of Zambia (BoZ) has approved K2.3 billion for microfinance institutions and commercial banks to help businesses remain afloat amid the coronavirus impact.
Association of Microfinance Institutions in Zambia (AMIZ) president Jetty Lungu said loan applications valued at K4.6 billion were made by microfinance institutions and commercial banks and only K2.3 billion was approved.- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Press Release: Global Development Leader Named Executive Director of Miller Center
In her new role, Brigit Helms is responsible for the vision, strategy, fundraising, and leadership of the Center, one of three Centers of Distinction at Santa Clara. She will report to Provost Lisa Kloppenberg and begin her term this month.
- Categories
- Finance
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Meet the Agritech Entrepreneurs Who Just Raised $6 Million to Help Farmers in Kenya Grow Their Business
Our research Powering Youth Employment through the Mobile Industry in Sub-Saharan Africa by 2025 found that as of 2018, the mobile industry directly employed 1.2 million youth (three out of five people) in the informal sector, in roles predominantly associated with distribution (e.g. airtime resellers). We also estimated that by 2025, total direct employment in the sector will grow by 26%, accounting for 2.4 million jobs, 500,000 of which will be new jobs.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- agtech, microfinance
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Debt ‘Bigger Threat Than Virus’ in Cambodia
Many MFI loans are collateralised by land titles, leaving millions at risk of losing their homes and property should they default. Those forced to sell their land face abject poverty.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Emerging Markets-Focused Microfinance Holding Firm Gojo Raises $22M
The latest investment follows Gojo’s $40 million Series C round announced in October 2019. The company expects to announce the final close of its Series D round by July.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
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Protecting Microfinance Institutions and Clients in COVID-19 Crisis
Cordaid Investment Management and a group of other microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19.
- Categories
- Coronavirus, Finance
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Bandhan Bank Shares Have Gained 54% Since Lockdown Started — But the Numbers Will Reveal the Real Damage to Rural India From COVID-19
As one of India's largest microfinance institutions, its balance sheet will reflect the true state of affairs in rural areas.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Press Release: Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19
Nonprofit microfinance organization Grameen America today announced that it has launched the Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs the organization serves.
- Categories
- Coronavirus
- Region
- North America
- Tags
- microfinance, nonprofits