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Tigo Tanzania Launches Innovative Nano Lending Scheme to Its Mobile Money Customers
Tigo Tanzania has today announced that it will launch an easy to access nano lending product to its stable of mobile financial services. This new product will not require collateral and offers immediate access to small loans to Tigo Pesa users.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Viewpoint: The Next Step for Developing Cuba? Microfinance
All eyes are on Cuba as U.S. President Barack Obama and at least 20 members of Congress descend on Havana today. While members of the delegation differ on the best path forward for U.S.-Cuban relations, everyone hopes for economic development that improves the quality of life for the average Cuban. What are the next steps for development in Cuba? And, how can the international community help Cuba preserve the educational and health gains of the Cuban revolution, while also updating its failing economic model?
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- Uncategorized
- Region
- Latin America
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Tech Entrepreneurs Boost Microfinance Startup Zidisha
Craigslist founder Craig Newmark and a handful of other tech entrepreneurs and companies have donated a total of $525,000 to microfinance startup Zidisha, which hopes to bring down costs of peer-to-peer lending to cash-strapped young entrepreneurs in the developing world by getting rid of intermediaries.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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18th Microcredit Summit Campaign Announces Declaration on Economic Empowerment and Social Inclusion
Organised jointly by Khalifa Fund for Enterprise Development, the Arab Gulf Programme for Development (AGFUND), and the Microcredit Summit Campaign, the summit gathered 1000 global policy makers, central bank managers and microfinance experts to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.
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- Uncategorized
- Region
- North Africa & Near East
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Kenyans Abroad Shun High Interests Rates With Diaspora-Founded Bank
Kenyans in the diaspora are shunning high interest rates and remittance costs charged by local banks with the launch of a microfinance institution.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Weekly Roundup: Obama Chases Bush’s Africa Legacy, Kenya’s Diaspora Leadership and Gray Ghost’s $60M Fund
It’s incongruous to many that the son of a Kenyan is widely perceived to have done less to help Africa than a predecessor best known for putting the U.S. in a bad war and a bad light in so many other places around the globe. Could the President’s Malaria Initiative help change those perceptions?
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- Health Care
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PWC to Liquidate Troubled Microfinance Company DKM’s Assets to Pay Back Depositors in Ghana
PriceWaterhouse Coopers is to liquidate the assets of troubled microfinance company, DKM, to raise money to payback depositors whose monies were locked up with the company, the Governor of the Bank of Ghana said Tuesday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mapping the Path to Full Financial Inclusion
When attempting to solve a complex development challenge, we often jump from creating ambitious goals to making plans, without first identifying who we need to reach with our goals, where those people reside, and what challenge and opportunities they face. That’s why one of the underappreciated keys to meeting a development goal is to draw a map - and why maps provide the theme for this year's State of the Microcredit Summit Campaign Report: Mapping Pathways out of Poverty.
- Categories
- Finance
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