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IFC Lends P700 Million to Two Philippines Financial Institutions for MSME Financing
The International Finance Corporation (IFC) will provide a seven-year loan to CARD Bank, Inc. and CARD SME Bank, Inc. to benefit micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural areas.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Indian Microlender SV Creditline Gets $8M From Blue Orchard
Delhi-based microfinance firm SV Creditline Pvt Ltd (SVCL) said on Friday it has raised $8 million (Rs 52 crore) in funding from global impact investment manager Blue Orchard.
- Categories
- Uncategorized
- Region
- South Asia
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New Report Calls for Scale-Up of Financial Services “Pathways” to Help End Extreme Poverty
The Microcredit Summit Campaign released its 17th annual survey of the global microfinance industry December 9th at the Inclusive Finance India Summit held in New Delhi, India. Campaign Director Larry Reed featured the publication, "Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015," in his presentation on Wednesday to attendees of India’s premier financial inclusion conference.
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- Uncategorized
- Region
- South Asia
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Zimbabwe’s Microfinance Institutions Have Lost Their Way, Says Reserve Bank Governor
The Reserve Bank of Zimbabwe Says Microfinance institutions have lost their way as they are concentrating on maximising profit and need re-orientation to ensure they focus on supporting marginalised people living in rural areas to promote financial inclusion.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Microloans Don’t Solve Poverty
When Benita Chikaluma’s husband died in 1994, her family could easily have fallen into desperate poverty. Chikaluma lives in Malawi, a poor country in southern Africa where women often have little control over their finances. But thanks to the tiniest of loans — just $25 — she was able to build a business, first selling firewood and then empty plastic bottles, and now owns a home with running water and electricity.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Smart Campaign Recognizes Five Indian Financial Institutions for Exceptional Standards of Client Care
Arohan, Grameen Koota, Janalakshmi, Sonata and Utkarsh Awarded Smart Certification at Inclusive Finance India Summit in New Delhi.
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- Uncategorized
- Region
- South Asia
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New Microfinance Initiative to Bring First ‘Lease to Purchase’ Sustainable Energy Product to Somalia
Dahabshiil Group showcase sustainable 'green microfinancing' initiatives to foster economic and social development across Somali region.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
- Tags
- microfinance, solar
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How a Change in Perspective Helped Ignite Cookstove Sales
Envirofit is a social enterprise that since 2007 has produced and sold low-cost biomass cookstoves in developing nations. Along the way, it learned that good things happen when firms treat the BoP market as customers to be served, rather than beneficiaries.
- Categories
- Health Care, Social Enterprise
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