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‘It is Time to Rethink Microfinance’: Exploring a Sector in Transition in the Asia Pacific Region
The Asia Pacific microfinance sector is changing. Its MFIs have seen rampant growth, and the enterprises they serve have financing requirements that are growing more complex. In response, some MFIs are adapting their business models into different types of financial institutions, such as small banks. In short, the sector is evolving from a niche segment to a mainstream industry – with all the challenges and opportunities that implies. The Asia Pacific Microfinance Forum will discuss this evolution in Singapore on October 30-31, bringing together MFIs, NGOs, impact investors, entrepreneurs and others, all committed to building a better world.
- Categories
- Finance
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Why Kenyan Borrowers Aren’t Scared of Defaulting on Mobile Loans
The majority of Kenyans borrowing loans from mobile phones do not believe they have to pay loans back, a situation that is troubling banks venturing in this lucrative but risky segment.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: FINCA Impact Finance, MEF and BlueOrchard Announce USD 20 Million Loan Facility
The three-year revolving loan facility will enhance FIF's ability to manage liquidity throughout its network of 20 banks and microfinance institutions (MFIs) and leverage the resources of MEF, an innovative provider of impact capital, and BOMF, the world's first and largest commercial microfinance investment fund.
- Categories
- Investing
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Cambodia Has a Big Problem With Small Loans
Economists worry that at best the debt could put the brakes on economic growth, and at worst could fuel social unrest as inequality rises.
- Region
- Asia Pacific
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This Singaporean Fintech Startup Introduced Mobile-based Microlending to Mongolia
Access to capital is difficult in emerging markets, especially for people without a long financial history, says AND Global co-founder.
- Categories
- Finance
- Region
- Asia Pacific
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India looks to spread financial services via mobile app, quick loans portal
The Indian government has launched a web portal, a mobile application and a financial inclusion index in order to bring the country’s unbanked under the ambit of financial services industry.
- Categories
- Finance
- Region
- South Asia
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Press release: Grameen America Hits $1 Billion Milestone in Microloans to Low-Income Women
"This record $1 billion achievement is proof that the model can scale successfully, and we are excited to see where the next decade takes us," said Yunus. "Many had doubts that microfinance would be effective as a poverty alleviation tool in the United States, but we have clearly proved them wrong."
- Region
- North America
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Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
Jumo launched in 2014 and it specializes in social impact financial products. That means loans and saving options for those who sit outside of the existing banking system, and particularly small businesses. it claims to have helped nine million consumers across its six markets in Africa and originated over $700 million in loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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