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Is Financial Inclusion Stalling? The 2017 Findex Results Raise Several Red Flags
The Global Financial Inclusion Database (Findex) - one of the most authoritative yardsticks on the state of financial inclusion - finds that 69 percent of the world’s adults now have bank or mobile money accounts. But while that's an exciting headline, it's also misleading, as millions of those newly opened accounts are lying dormant. And that's just one reason why industry stakeholders have found the latest Findex data underwhelming. Elisabeth Rhyne and Sonja Kelly at the Center for Financial Inclusion at Accion unpack some of the troubling stats – and highlight a few bright spots.
- Categories
- Finance
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Viewpoint: Can Impact Investing Avoid the Failures of Microfinance?
The impact investment industry is growing rapidly, a fact that many of us in the field celebrate. But are we scaling the right model?
- Categories
- Investing
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OPIC Provides $5 Million in Financing to Grameen Impact Investments India
The Overseas Private Investment Corporation (OPIC) announced that $5 million in local currency financing has been mobilized to Grameen Impact under an OPIC loan guaranty agreement with India’s IndusInd Bank.
- Categories
- Investing
- Region
- South Asia
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IBM’s Microfinance Blockchain in Kenya Tests the Viability of Hyperledger
IBM is back supporting a microfinance project using a Hyperledger blockchain to help administer small loans at low interest to food sellers in Kenya.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, microfinance
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Press release: Deetken Impact makes landmark investment in Pro Mujer Mexico to scale its services for women
Pro Mujer, a mission-driven social enterprise focused on empowering women and their families in Latin America, announced today that its subsidiary, Pro Mujer Mexico SOFOM (Sociedad Financiera de Objeto Múltiple), has received $1 million USD in exchange for its issuance of preferred shares to Deetken Impact, a Canadian-based boutique asset management firm.
- Categories
- Investing
- Region
- Latin America
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MetLife Foundation Partners with Kiva to Support Entrepreneurs and Build Financial Inclusion
MetLife Foundation has partnered with Kiva, a global non-governmental organization, to support entrepreneurs around the world through an employee engagement campaign. As part of this programme, a fully funded US$25 loan has been allocated to each of MetLife's 23,000 employees in Asia to help entrepreneurs start, sustain and grow their businesses.
- Categories
- Uncategorized
- Region
- Asia Pacific
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FINCA’s Journey from Non-Profit to For-Profit
For a company to make money, it helps if its employees have a money-making mindset. But that’s not what Roman Hingorani found when he joined FINCA International as its CFO in 2015.
- Categories
- Investing
- Region
- North America
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Pairing access to finance and energy to solve global poverty
Pairing access to finance with access to energy can help more than a billion people raise their standard of living, banish poverty to the past and no longer be counted among the unbanked.
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