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Accion Venture Lab: Fintech Lenders Leveraging Technology to Close Critical Funding Gap for Small Businesses
Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, released a report today on the latest innovations in the field of micro, small, and medium enterprise (MSME) finance. The report explores how innovative, tech-enabled lenders are using niche marketing, digital or mobile platforms, and enterprising partnerships – and often a combination of all three – to make financing available to underserved MSMEs.
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- Investing
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Watch Video of the Live Debate: ‘Digital finance: Full inclusion or empty promise?’
This year's European Microfinance Week concluded with a heated debate on the impact of fintech in microfinance: "Digital finance: Full inclusion or empty promise?" NextBillion live-streamed the discussion, and you can view the recorded video in this post.
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- Uncategorized
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Demonetization Turns Out to Be a Double Whammy for India’s Microfinance Sector
The demonetisation of high-value currency notes has come as a double whammy for micro finance institutions (MFIs), which have temporarily stopped providing credit to their customers while loan repayments have also taken a major hit, industry sources said.
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- Uncategorized
- Region
- South Asia
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India’s microfinance firms scramble to react to government’s ban on high-value currency
Microfinance companies, which work in the grassroot level and handle cash more than any other institutions, are in complete quandary on what strategy they should adopt now as far as accepting high value currency notes goes.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Kenya urged to adopt Islamic Microfinance to tackle poverty
Participants in the Global Islamic Microfinance Forum at the Intercontinental Hotel in Nairobi. Kenya has been urged to adopt Islamic microfinance business models to help lift many families out of poverty and boost financial inclusion of disadvantaged groups in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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How Technology Can Provide Microentrepreneurs With Simple – and Much-Needed – Rules of Thumb
Microentrepreneurs have the potential to be a growth engine for developing countries, but they often lack business and financial management training. A recent project suggests that behavioral design has the power to unlock the potential of these microentrepreneurs, markedly improving their financial practices and business outcomes and leading to the financial well-being of their families.
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- Education
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Release of New European Microfinance Platform Action Group Publications
The European Microfinance Platform (e-MFP) Action Groups are gearing up for the European Microfinance Week (EMW) where they'll gather for their annual meetings on 16 November and share their latest findings in panels organized on 17 - 18 November. In anticipation of EMW, the Microfinance & Environment Action Group and the Digital Innovations for Financial Empowerment Action Group have released the following publications.
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- Environment
- Region
- Europe & Eurasia
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Colombia, Peru tied for first place in new report on global financial inclusion
The 2016 Global Microscope on Financial Inclusion shows that essential policies for bringing financial services to low-income groups are now widespread in the developing world. Nine of the 12 financial inclusion indicators covered in the benchmarking index improved globally in 2016, building on gains made during the last decade.
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- Uncategorized
- Region
- Latin America
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