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World Bank Group Plans $12M Loan to Mongolia Microfinance Company
With the deal, Transcapital will be able to provide more access to finance for small enterprises and underserved individuals, especially women and people living outside the capital of Ulaanbaatar, IFC said.
- Categories
- Finance
- Region
- Asia Pacific
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Viewpoint: Microfinance Industry Most Vulnerable to Lockdown and Moratorium in India
As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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Press Release: FINCA International Launches Emergency Fund in Response to the COVID-19 Pandemic
FINCA International, a pioneer in microfinance and social enterprise, announced today the launch of the FINCA Emergency Response Fund. The fund responds to the immediate and ongoing financial, livelihood and health needs of customers and their communities across FINCA's global network of banks and social enterprises in the face of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
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In a Cash-Strapped Age, Are Microloans the Answer?
Digital microfinance has made it possible for the prosperous to help developing world entrepreneurs with capability but no capital.
- Categories
- Finance
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With 61% of Loan Book Tied up in High-Risk Microcredit, Bandhan Bank Feels the Heat of Coronavirus Lockdown
The nationwide lockdown to fight COVID-19 presents a major crisis for banks with high exposure to the microcredit segment. With many small businesses on the verge of shutting down, loan repayments may stop.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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What Helped CreditAccess Grameen Maintain ‘Good’ Liquidity Position Amid Lockdown
CreditAccess Grameen Ltd. said its liquidity position was “quite good” even as lenders stop loan collections amid a national lockdown to combat the coronavirus pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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Covid-19 attack limits MFI outreach
Microfinance firms are slowing down new loan disbursements in the country’s rural heartland as a direct fallout of the coronavirus outbreak. They are also facing non-repayment from borrowers whose earnings may take a hit as the country goes into lockdown to combat the spread of coronavirus.
- Categories
- Coronavirus, Finance
- Tags
- microfinance
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Coronavirus, Economic Meltdown And The World Of Impact: Insights From Allie Burns Of Village Capital
Allie Burns is CEO of Village Capital, which has run early-stage startup accelerators and boot camps for social enterprises since its founding in 2009.
- Categories
- Coronavirus
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