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About 70% of Ghana’s ‘Susu’ Collectors Are Operating Illegally
Out of an estimated 1,500 Susu collectors operating in the country, with a client base of over 2 million, only 472 of them (representing 31 percent) are formally licenced under the self-regulation scheme, making t activities of the rest illegal.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Future Looks Gloomy for Ghana’s Microfinance Institutions
THE future looks gloomy for Ghana’s microfinance institutions as the country’s central bank cracks the whip on fly-night lenders that have mushroomed across the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda Preparing Law to Regulate Microfinance Institutions
Government is in advanced stages of establishing a law that will pave way for the formation of an autonomous institution that will license, regulate and supervise non-Microfinance Deposit Taking Institutions (MDIs), an official has disclosed.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- microfinance, regulations
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Leaping Into the Future: Nigeria’s Rural Microfinance Community Gets Connected Using Stellar and Oradian
In the 1970s, microfinance began to take off as people started extending credit to small businesses and farmers as a way of getting them out of poverty. Microfinance works: the only problem is it's hard to scale; it's time-consuming and expensive to disburse and collect loans for instance. People are not able to transfer money within the country because they can't get normal bank accounts or afford to pay 20% for traditional remittance/money transfers.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Commercial Bank of Africa to Offer Direct Mobile Lending in Uganda
Commercial Bank of Africa (CBA) is introducing a Mobile Micro Savings and Loans product in Uganda allowing customers to borrow money via their phones.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Accion and Opportunity Fund Launch Study Analyzing Impact of Microloans on U.S. Small Businesses
Will be the first national, longitudinal, qualitative study to focus on microfinance and economic well-being outcomes.
- Categories
- Uncategorized
- Region
- North America
- Tags
- microfinance
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Viewpoint: Murmurs of a Fresh Crisis in India’s Microfinance Sector
The questions of microfinance, overlending and women’s suicides are cropping up all over again. The murmurs have been going on for a while, broadly indicating that the hotspots have shifted to eastern Uttar Pradesh and some other pockets.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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The Exciting Promise of Digital Payments in Peru
With almost 80 percent of Peruvians lacking access to a bank account, it’s clear why Peru’s government has committed so many resources to advancing financial inclusion. However, roughly 65 percent have mobile phones. Recognizing this, the National Strategy focuses on connecting those who have phones to financial services through digital payments adapted to the needs of the population.
- Categories
- Technology
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