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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.
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- Finance
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Creating a Culture of Innovation By Letting Employees Lead the Way
For nearly 30 years, Pro Mujer has been a regional leader in Latin America – not only in microfinance, but in women’s empowerment. But facing an evolving landscape with emerging technologies and new market participants, the organization realized that it needed to develop a more innovative approach. As it considered how to establish a culture of innovation, Pro Mujer turned to a surprising (yet intuitive) resource: its employees. Cassandra Salcedo, Associate Director of Strategy and Innovation at Pro Mujer, shares five key lessons the organization learned from the process.
- Categories
- Finance, Technology
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Press release: OPIC Loan to Kiva Supports Almost 100,000 Microloans to Developing Country Borrowers
The Overseas Private Investment Corporation (OPIC) announced Thursday at the Social Capital Markets conference that its financing to Kiva Microfunds has supported 98,137 microloans to 207,227 small business borrowers, across 30 countries.
- Source
- Press release
- Categories
- Investing
- Region
- North America
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Report: Over 8 of 10 Small Banks, Microlenders and Co-Ops in the Philippines are Not Ready to Go Digital
“The dominant picture in our data is that majority of financial institutions are not yet ready to transform their business at this point, confirming anecdotal evidence long held by the industry,” wrote FINTQ in the report. “This conclusion indeed raises a notch higher the urgency in enabling financial institutions to be digitally ready, as the pattern uncovered in our data has profound implications on the country’s progress towards expanding financial inclusion in the countryside.”
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- Finance
- Region
- Asia Pacific
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Nobel winner Muhammad Yunus wants two financial systems—one for the rich and one for the poor
Last month, the 10-year-old US division of Grameen announced that it had provided more than $1 billion in loans to 106,000 women. Over the next decade, it plans to provide $1 billion in loans every year, and nearly double the number of branches, to 42.
- Categories
- Finance
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Diving into the Gap: What Separates Savers from Non-Savers?
In three years, the gap between the poorest 40 percent and the richest 60 percent nearly doubled across many developing countries. Meanwhile, the gap between primary and secondary school graduates has also doubled – and these inequalities in income and education are more significant than ever in dividing savers and non-savers. Scott Graham at FINCA International analyzes the latest FINDEX numbers to explore how we can reconcile a decline in savings, while poverty is largely falling throughout the world.
- Categories
- Finance
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