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Small Farmers and Business Get Reason to Cheer as Reserve Bank of India Grants Licenses to 10 Small Banks
The Reserve Bank granted small bank licences to 10 applicants, most of which are engaged in microfinance, in a move seen as one of the most far-reaching initiatives on financial inclusion since bank nationalisation in the late 1960s.
- Categories
- Agriculture
- Region
- South Asia
- Tags
- lending, microfinance
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Tablets + Smartphones = Easier Microloans?: New Accion case study explores use of digital field applications by microfinance banks
Providing micro financial services often involves manual processes which limit the potential for scaling up and expose clients to poor service, errors and fraud. That's why many microfinance banks are increasing the use of tablets, smartphones and other digital tools among loan officers and other staff. Accion has published a case study aiming to provide some clarity on the impact of these devices.
- Categories
- Education, Technology, Telecommunications
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Sowing Self-Sufficiency in Africa With Anacostia-Based ‘Hello Tractor’
For years he had two feet planted firmly on the ground as a corporate investment banker. Now, with a little start-up money, Jehiel Oliver runs a small Anacostia-based company, with a plan to solve a big agriculture problem half a world away.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Microfinance Industry Back on Growth Path
After going through a crisis period, the country's microfinance industry has returned to the growth phase, especially in the light of stable regulatory framework, says a report.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Indian MFIs Face Legal Hurdles in Plans to Track Borrowers’ Credit Histories Through National IDs
Microfinanciers’ plans to check Aadhaar numbers to ensure potential borrowers aren’t already loaded with loans may come undone after a recent interim ruling by the Supreme Court restricted the use of Aadhaar data to ration shops and cooking gas.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Taking Financial Inclusion Data to the Next Level: National data is useful – but it’s not enough
The era of “big data” has fully arrived in the financial inclusion industry. But while existing data platforms are beginning to fill the gaps in national measures of inclusion, this information may not reflect the situation on the ground. That's why the next iteration of financial inclusion data needs to drill down to the subnational level to increase clarity around financial service access, usage and quality.
- Categories
- Education
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DKM Microfinance Saga in Ghana: Three Die in Nkoranza
Frustrated customers of financial companies with frozen accounts have vowed to make Nkoranza a living hell for government employees if monies lodged with the microfinance companies are not released to them.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Viewpoint: The Case for Islamic Microfinance in Africa
Professor Badr El Din A. Ibrahim, President of the Microfinance Unit at the Central Bank of Sudan, discusses why Shari'ah-compliant financing is key.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
