-
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
-
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
-
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.
- Categories
- Uncategorized
- Region
- South Asia
-
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
-
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
-
Nucleus Launches Offline Digital Cash Solution in India
Adding another tool to push the Indian economy from cash to digital, Bombay Stock Exchange-listed banking and financial solutions company Nucleus Software Exports Ltd on Wednesday launched an offline digital cash solution technology, PaySe.
- Categories
- Technology
- Region
- South Asia
-
Building an Inclusive Financial System, One City at a Time – an Interview with Citi’s Bob Annibale
I recently had a chance to speak with Bob Annibale, global director of Citi Community Development. Annibale’s work for Citi touches on everything from microfinancing to neighborhood revitalization. We discussed partnering with mayors, helping the unbanked, immigrant integration and more.
- Categories
- Uncategorized
-
Kopo Kopo Changes Focus From Payments to Micro-Lending, Announces New CEO
After raising $2.10 million in equity financing, Kenyan payments platform Kopo Kopo is pivoting its business away from the Lipa Na M-Pesa service it offers in partnership with Safaricom to focus on micro-loans to businesses. To this effect, the company has appointed a new CEO to direct the company’s growth and shift in focus.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.