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Startups to Get $76m in Government’s Microcredit Guarantee Program in Indonesia
Creative Economy Agency (BEKRAF) has said it will distribute Rp 1 trillion ($76 million) from the government’s micro-credit guarantee program (KUR) to Indonesian startups. The loans will be provided by three of Indonesian state-owned banks – PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Mandiri Tbk (BMRI).
- Categories
- Uncategorized
- Region
- South Asia
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IFC to Invest Up to $38M in Three Affordable Housing Finance Firms
International Finance Corporation (IFC) will invest up to $38 million in three housing finance companies in India, as the World Bank’s private-sector lending arm seeks to expand its presence in a segment that offers loans for low-cost houses.
- Categories
- Finance
- Region
- South Asia
- Tags
- housing, microfinance
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The Most Powerful Weapon for Changing the World: How Microfinance Institutions Can Increase Access to Education
Nelson Mandela described education as the “most powerful weapon which you can use to change the world.” But how can we increase access to quality education for children and adults? The author maintains that governments and the philanthropic sector can play a role, but there's also a practical need for private financial resources to support education access.
- Categories
- Education
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Pay-It-Forward Model Shows Potential for Microfinance in Developing Nations
Ten years ago, microfinance was celebrated with the Nobel Peace Prize for its potential to break people out of poverty. Today, the microfinance industry has grown to hundreds of institutions serving more than 150 million borrowers in the developing world, but is widely criticized for exploiting the world’s poor and, ultimately, making poverty worse.
- Categories
- Uncategorized
- Tags
- lending, microfinance
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VisionFund International and Opportunity International Partner to Expand Financial Inclusion for Unbanked Citizens of Democratic Republic Of Congo
Opportunity International, a next generation microfinance organization that invests philanthropic and social impact capital to spark and scale innovative solutions to global poverty, has entered into a share purchase agreement to sell a majority stake of its microfinance institution in Kinshasa, Democratic Republic of Congo (DRC) to VisionFund International, World Vision’s microfinance arm.
- Source
- Press Release
- Categories
- Uncategorized
- Tags
- microfinance
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Turning the Microfinance Model Upside Down: An Interview with Jeffrey Ashe
In this frank interview, microfinance pioneer-turned-savings group advocate Jeffrey Ashe discusses the history of the savings group model, how it improves upon microfinance – and why it doesn't get as much attention.
- Categories
- Finance
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India’s Prime Minister Launches ‘Stand Up India’ to Promote Financial Inclusion
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi today launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
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- Uncategorized
- Region
- South Asia
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Indian Microfinance Self-Regulator Acts to Ward Off Danger of Over-Indebtedness Crisis
The Andhra Pradesh microfinance crisis that put the entire sector on the verge of collapse is still fresh in everybody's mind and MFIN is no exception. Before the crisis, the sector was known for 100% growth year after year while borrowers took loans beyond their capacity to repay leading to the undoing of many of the leading micro lenders.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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