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Alipay to acquire 45% shares of Pakistan’s Telenor Microfinance Bank
Alipay is a part of the internet giant Alibaba, which is Chinese retail, internet, technology, and AI company. On the other hand, Telenor Microfinance bank is Pakistan’s first scheduled microfinance bank that provides small loans to people who aim to set up their own business to come out of poverty.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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China’s CFPA Microfinance raises $140m in Series C led by The Rise Fund
The latest funding round adds The Rise Fund to CFPA’s list of big-ticket investors, which now include Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital China, High Impact Capital Advisors, and Renda Puhui.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press release: MicroVest Capital Management Announces the Closing of a $20mm Credit Facility with MetLife Investment Management
The credit line enables MicroVest to better manage liquidity of the fund to deploy more capital, more quickly, to the places that need it the most. Per MicroVest’s stated mission, these are often microfinance institutions in emerging and frontier markets that have few other means of accessing capital to promote financial inclusion within their markets.
- Categories
- Finance
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Report: Habitat for Humanity finds Housing Microfinance helps improve living conditions in Kenya
As part of the project, housing microfinance loans were offered not only to informal workers with unsteady incomes, but also to low-income salaried workers making between US$5-10 per day.
- Categories
- Finance, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- housing, microfinance
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Nigeria’s central bank asks all microfinance institutions to recapitalise by 2020
The Central Bank of Nigeria(CBN) increases the minimum capital base of National Microfinance Banks to N5 billion from N2 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Press release: New Report Shows Creating Financial Access for Immigrants & Underserved Entrepreneurs Increases Credit Scores and Leads to Job Creation
Opportunity Fund research shows microlending to immigrant and underserved entrepreneurs in California creates a path into the mainstream economy for borrowers and leads to job creation and economic activity in communities.
- Source
- Press release
- Categories
- Finance
- Region
- North America
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USAID and Musoni Microfinance sign $8 million loan guarantee agreement to boost Kenya’s agricultural sector
Small scale farmers, individuals, associations, cooperatives and micro, small and medium enterprises (SMEs) in Kenya will be the key beneficiaries of this guarantee.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Viewpoint: Designing financial products for women
Current financial service models conflate women with ‘family’, considering them merely an avenue to pursue social welfare.
- Categories
- Finance
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