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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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Good News for Microfinance: Grameen America Discusses Promising New Research on its Anti-Poverty Impact
In an atmosphere of considerable skepticism about microfinance's anti-poverty impact, Grameen America recently released some positive findings: Early results from an RCT on its group lending model show solid impacts on areas ranging from members' credit scores to their business operations. NextBillion spoke with Marcus Berkowitz, VP of Technology & Innovation at Grameen America, to discuss these results and their implications for microfinance in the U.S. and globally.
- Categories
- Entrepreneurship, Finance, NextBillion Originals
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OPIC commits $8 million to support small farmer microlending in Myanmar
Proximity Finance, which designs its loans to meet the particular needs of smallholder farmers, is the microfinance arm of Proximity Designs, a social enterprise dedicated to serving Myanmar’s rural families.
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
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Jamaica Microlenders Fear Business Fallout From Regulated Rates
The bill known as the Micro Credit Act proposes to link loan rates to treasury bill rates and the cost of issuing micro loans.
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- Finance
- Region
- Latin America
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Digital Lending To Small Business in India Set To Surge, Says BCG-Omidyar Report
As the number of digital lending platforms rise and the availability of data around small businesses improves, digital lending to the country’s micro small and medium enterprises could surge, said a report co-authored by consulting firm BCG and philanthropic investor Omidyar Network.
- Categories
- Finance, Technology
- Region
- South Asia
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