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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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Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers
Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.
- Categories
- Finance, Technology
- Region
- South Asia
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Three Key Sessions from Three Days of Discussion at European Microfinance Week
European Microfinance Week is always a whirlwind of activity and insights, and this year was no exception. As a media partner at the event, NextBillion covered some of the key sessions. Here we highlight three of them, one from each day of the event – starting with Friday's must-see plenary, which was streamed live and can now be viewed in a video embedded in this article.
- Categories
- Finance, NextBillion Originals
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He Grew Up on a Farm. Now, He Helps Protect Them.
Thomas Njeru is a co-founder of a microinsurance firm based in Kenya that covers small farms across Africa and provides protection for low-income individuals who do not have access to conventional coverage.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Kiva Deploys $1 Billion in Loans to Female Entrepreneurs Around the World
“The strength of these women who’ve put Kiva loans to work to benefit themselves and their communities is the reason that we exist today,” said Goldie Chow, Director of Impact at Kiva. “We will continue to empower female entrepreneurship, and do all that we can to generate greater financial inclusion for the next generation of female entrepreneurs worldwide.”
- Source
- Press Release
- Categories
- Entrepreneurship, Finance
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