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Matt Damon’s Impact Investing Fund Backs CreditAccess Grameen
Mumbai-listed CreditAccess provides group lending products as well as retail finance products. It also offers access to non-financial services such as customer awareness and education programmes and sanitation efforts.
- Categories
- Investing
- Region
- South Asia
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Press Release: MCE Social Capital Receives $3.7 Million Grant
Capital infusion will fund more loans to small and growing businesses in rural Africa and other emerging markets, and serve as a match to attract new guarantors.
- Categories
- Investing
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Opportunity Fund and the Accion U.S. Network Combine Efforts to Drive Small Business Access to Credit and Advisory Services in the U.S.
Opportunity Fund, the country’s leading nonprofit small business lender, and the Accion U.S. Network, the U.S. affiliate of global nonprofit Accion that has led a nationwide network of community lenders since 2011, will join efforts to form Accion Opportunity Fund, effective immediately.
- Categories
- Finance
- Region
- North America
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4 Trends Shaping the Future of the P2P Lending Regulation in Southeast Asia
The active inflow of investments made countries intensify their efforts in the development of fintech ecosystems and the regulatory environment.
- Categories
- Finance
- Region
- Asia Pacific
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Microfinance Lenders in Sierra Leone Accused of ‘Payday Loan’ Interest Rates
A Guardian investigation into a microfinance programme run by Brac found that the NGO’s staff were failing to fully explain the conditions of the loan to borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: QuickCheck partners with Jumia & PayAttitude for further Financial Inclusion in Nigeria
QuickCheck’s affiliation with Jumia will allow customers to easily take loans on a mobile app they are already actively using.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
- Categories
- Finance
- Region
- Latin America
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Kredivo’s Parent Firm FinAccel Raises $90m to Expand Its Credit Lending Platform in Southeast Asia
The app enables customers to secure credit between $100 and $2,200. If a customer pays it back in full in a month, FinAccel does not charge them any fee.
- Categories
- Finance
- Region
- Asia Pacific
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