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Grameen Foundation and Freedom from Hunger Unite as One Global Organization
Grameen Foundation and Freedom from Hunger, two global leaders in the fight to end poverty, announced today that they are joining forces to form a single unified global organization. Under the banner of Grameen Foundation, the combined organization will be able to reach more people across the spectrum of poverty, while deepening the focus on the very poor, especially women, its leaders say.
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- Uncategorized
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Weekly Roundup: A 1,030-Enterprise Survey, a Cuba/U.S. Collaboration, and a ‘Big Bet’ Primer
An expansive survey of social enterprises, a new health care collaboration between some old Cold War rivals, and an ambitious exploration of the challenges of "big bets" in philanthropy highlight this week's roundup of social business and global development news.
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- Agriculture, Education, Health Care, Social Enterprise
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Indian Microfinance Institution Ujjivan to Launch Biometric ATMs
Ujjivan Financial Services Ltd., (Ujjivan), a leading pan-India microfinance institution, which is in process of transforming into a small finance bank (SFB), today announced that it will provide the benefits of ATMs to its unbanked and under-served customers across the country by using biometric enabled machines.
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- Uncategorized
- Region
- South Asia
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‘Her Hands Trembled’ When She Borrowed Her First $64; Now She’s Giving Advice to BRAC
BRAC, which has been gradually integrating mobile money into its microfinance operations since 2011, has introduced a number of new initiatives, including investing heavily in client protection, customer service and financial education, and developing mobile money use cases. Here, as part of FI2020 Week's spotlight on keeping clients first in a digital world, a long-time client gives her perspective on this evolution.
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- Uncategorized
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Seattle Accelerator Capria Boosts Fund Managers in Emerging Nations
A housecleaner-on-demand service in Cape Town, South Africa, has created 400 jobs and plans to keep growing across the African continent. A young gourmet tea business in Johannesburg is bringing high-end drinks to customers while supporting small, local farmers.
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- Investing
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German Lender MyBucks Eyes Kenya Banking Licence in Race for Clients
German micro-lender, MyBucks, is eyeing a deposit-taking licence from the Central Bank of Kenya in a bid to grow its local clientele base.
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- Technology
- Region
- Sub-Saharan Africa
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Myanmar Startup Takes on Moneylenders With Short-Term Microfinance Loan Options
Debt is a huge problem in Myanmar. Data is scarce, but in many poor communities on the outskirts of Yangon experts believe the majority of households are in debt.
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- Uncategorized
- Region
- South Asia
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Microfinance boom catches attention of private banks in India
Private banks are making acquisitions or buying stake in MFIs to tap their growing customer base, retail lending potential.
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- Uncategorized
- Region
- South Asia
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