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National Bank of Cambodia Slams NGOs’ Lending Report
A report on predatory lending in Cambodia by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), was slammed by the National Bank of Cambodia (NBC) as “flawed”.
- Categories
- Finance
- Region
- Asia Pacific
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Report: Cambodia’s ‘Reckless’ Microfinance Industry Puts Economy at Risk
The groups' study, "Collateral Damage," questions whether the industry's reported nonperforming loan rate of 1.8% is kept low by such "human rights abuses" while highlighting the multimillion dollar returns made by microcredit institutions and their shareholders.
- Categories
- Finance
- Region
- Asia Pacific
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Facebook’s Crypto Launch Partner Kiva Is Introducing a Refugee Investment Fund
The fund will be part of Kiva Capital Management, a new shop that will join what the Global Impact Investing Network estimates as the $502 billion market for investments aimed at positive social change.
- Categories
- Finance
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Press Release: Whole Planet Foundation Annual Prosperity Campaign Surpasses $4 Million for Microentrepreneurs
During their Annual Prosperity Campaign, Whole Planet Foundation, with the help of Amazon and other supplier partners, raised more than $4 million to fund their mission of ending global poverty through microcredit.
- Categories
- Finance
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China’s Sinking Online Lenders Seek Lifeline From Big Investors
Industry insiders are betting that a handful of closely regulated players will emerge from the cull. They envision a revamped model -- similar to the one adopted in America -- in which P2P platforms match small borrowers with institutional money managers and banks, instead of individual savers.
- Categories
- Finance
- Region
- Asia Pacific
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Micro-Lending Startup Ftcash Raises $7.23 Mn Series A Funding
Founded in 2015 by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha, Ftcash provides short-term loans to merchants. The startup plans to use the funds to accelerate product development and drive its expansion efforts.
- Categories
- Finance
- Region
- South Asia
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Press release: LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses’ Access to Credit
Beginning this month, LendingClub will connect applicants looking for a small business loan on its platform to Opportunity Fund and Funding Circle. Opportunity Fund will leverage LendingClub's technology to provide an online application experience with prequalified offers to underserved small businesses before applying its established relationship-based lending model to fund and service loans. Funding Circle will apply its leading proprietary credit assessment process to fund fast and affordable loans to established, creditworthy businesses. This alliance is intended to expand efficient access to affordable credit to a broader range of small businesses.
- Categories
- Entrepreneurship, Finance
- Region
- North America
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Press release: Earth Day: Joining Forces to Get Renewable Energy to 1 Million Tanzanians
WE SOLVE is committed to improving employment and economic opportunities for women and providing access to clean energy in rural Tanzania.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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