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The Power of Partnerships: Why They Can Be the Key to Reaching the Unbanked
In a world of rapid change, few organizations have all the capabilities needed to accomplish every aspect of their business - something that's clearly true for commercial banks. That's why financial institutions often find success in adapting to new opportunities through partnering. In a new publication, the Center for Financial Inclusion explores how banks use partners to adopt new technologies and reach previously underserved markets.
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- Uncategorized
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Zimbabwe to formalize microinsurance firms
ZIMBABWE is working on a framework to regulate and formalise operations of microinsurance firms targeting low income earners, the Insurance and Pensions Commission said. Microinsurance has been identified as a critical instrument for delivering effective and efficient insurance services and products as well as promoting financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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IFMR Investment Managers raises $15 million debt fund targeting microfinance firms
Chennai-based IFMR Investment Managers, a wholly owned subsidiary of IFMR Capital, is raising a Rs 100 crore (around $ 15 million) debt fund to invest in the microfinance businesses.
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- Uncategorized
- Region
- South Asia
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Three Growth Strategies to Boost Sri Lanka’s Microfinance Sector
Sri Lanka's microfinance industry is expected to reach maturity in the next few years, so market penetration growth strategies will shape the growth of successful players. But there is limited industry research on the country’s microfinance sector. Intellecap has attempted to bridge this gap by presenting the following market opportunities and growth strategies, based on conversations with leading practitioners, policy makers and capital providers.
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More Cambodians struggling to repay MFI loans
Banking industry insiders expressed concern yesterday over a spike in the amount of delinquent debts reported by microfinance institutions (MFIs) across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops.
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- Uncategorized
- Region
- South Asia
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- microfinance
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Kiva Debuts New Direct to Social Enterprise Program
Earlier this week, microfinance platform Kiva announced the launch of its new direct to social enterprise program, which is described as a pilot program that aims to raise capital for social enterprises in a new and more efficient way.
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- Impact Assessment
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MasterCard Commits to the Inclusion of 40 Million Micro and Small Merchants
To date, financial inclusion has been predominantly centered on providing the underserved and the unbanked with tools and transaction accounts. This remains a critical need with two billion unbanked people, the majority of whom are women, forced to operate in a cash economy.
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FINCA Mexico Awarded Smart Certification for Keeping Clients First
Today, Financiera FINCA, S.A. de C.V. SOFOM E.N. R (FINCA Mexico), a leading microfinance organization, announced it received Client Protection Certification by the Smart Campaign recognizing its strong ethical standards on client care and protection.
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- Uncategorized
- Region
- Latin America
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