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Report: India’s Microfinance Industry Posts 38% Growth in 2018-19
In 2018-19, microfinance in India showed rapid, regionally-balanced and resilient growth, said Harsh Shrivastava, chief executive officer, MFIN.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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Bank of Ghana Clean-Up Leaves Only 137 Microfinance Companies in Good Standing
The Bank of Ghana in the statement explained that new measures have been put in place to ensure that existing institutions remain structurally and administratively safe enough to continue with their businesses by complying with its regulations.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Press Release: Whole Planet Foundation Annual Prosperity Campaign Surpasses $4 Million for Microentrepreneurs
During their Annual Prosperity Campaign, Whole Planet Foundation, with the help of Amazon and other supplier partners, raised more than $4 million to fund their mission of ending global poverty through microcredit.
- Categories
- Finance
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Viewpoint: Reforming Microfinance to Alleviate Poverty, Foster National Development
About 90 per cent of Nigeria’s businesses are considered microenterprises. Despite this huge number, easy access to funds has remained a challenge for most Small and Medium Enterprises, in spite of several government funding initiatives.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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PAYGo Solar at a Crossroads: Why the Industry Must Choose Between Protecting Customers and Satisfying Investors
Over $500 million in investor financing has poured into off-grid solar in the past year. But while that's an exciting development for the sector, there is a downside. As BrightLife CEO Stefan Grundmann explains, PAYGo solar operators are facing heightened investor pressure to expand their reach and aggressively deliver greater sales. In response, many companies have taken new measures to boost business – some of which have led to troubling new risks for customers. Grundmann explores this issue, and how the industry and its investors should respond to it.
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Viewpoint: 3 Reasons the Impact of Microcredit May Be Bigger Than We Thought
There was little evidence of female empowerment. Microloans did foster entrepreneurialism, but at the cost of other sources of income. However, subsequent research has hinted that rumors of microcredit’s demise as a poverty intervention do appear to be exaggerated, perhaps substantially, and I want to present three reasons why the impact of microcredit around the world, while modest on average, is almost certainly bigger than we thought it was a few years ago.
- Categories
- Finance
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Viewpoint: Can the Microcredit Model Be Improved?
Microcredit is frequently touted as an effective policy tool to fight global poverty. But studies suggest that the long-term impact on recipients’ lives is limited. Yale SOM’s Mushfiq Mobarak and the University of Chicago’s Vikas Dimble write that microcredit can help more people by modifying and extending its model.
- Categories
- Finance, Impact Assessment
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Kiva’s Co-Founder Is Joining This Leo DiCaprio-Backed Bank
A wave of tech-centric “neo-banks” have popped up in recent years, usually promising a smoother customer experience marked by lower fees and branch-less, online-oriented services. And some have sought to go even further—differentiating themselves from the competition via a focus on on socially and environmentally conscious values, investments and product offerings.
- Region
- North America