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Press Release: FINCA Surpasses $1 Million in Loans to Microenterprise and Small Businesses in Nigeria in First Six Months
FINCA's newest subsidiary, FINCA Microfinance Bank Ltd. in Nigeria, surpassed USD 1 million in small loans to microenterprise and small business owners within its first six months of operation, it was announced today by President & CEO Rupert Scofield during his remarks at the Spring meeting of the Financial Inclusion Equity Council (FIEC), hosted this year by FINCA at its headquarters building in Washington, DC.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance, SME
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Amazon and the Bank of India Are Helping Small Businesses
The State Bank of India (SBI) and Amazon.in have agreed to work together and focus efforts on improving payments and e-commerce solutions for small businesses across the country.
- Categories
- Entrepreneurship
- Region
- South Asia
- Tags
- banking, digital payments, SME
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OPINION: Building India’s growth by promoting MSMEs
The real drivers of employment and growth in India are not the exalted corporates, but MSMEs, its time to stop giving them a raw deal
- Categories
- Entrepreneurship
- Region
- South Asia
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PRESS RELEASE: Upaya, Artha Initiative to Co-Invest, Expand Management Resources for Small Businesses in India
Upaya Social Ventures and the Artha Initiative are proud to announce that they have formalized a collaboration through which they will work together to develop a pipeline of and co-invest in India’s Small and Growing Business (SGB) sector.
- Categories
- Entrepreneurship
- Region
- South Asia
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Hewlett-Packard eyes Indonesia’s SMEs, public sector
US-based information and communication technology (ICT) company Hewlett-Packard (HP) is targeting customers from small- and medium-sized enterprises (SMEs) and the public sector in Indonesia, considering these market segments to be the nation’s most robust.
- Categories
- Entrepreneurship, Technology
- Region
- South Asia
- Tags
- SME, technology
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Press Release: Winners of the Sankalp Africa Awards for High Impact SMEs Announced
12 SMEs from around Africa showcased to an audience of 450 investors, donors, advisors and other SME sector supporters, 4 win awards at the first ever Sankalp Africa Summit in Nairobi.
- Categories
- Entrepreneurship, Impact Assessment
- Region
- Sub-Saharan Africa
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Healthy food chain helps kids get off the streets
Erik Oberholtzer started the program at a time when many CEOs were focused on surviving the recession. But Tender Greens was in the midst of a rapid expansion. The company grew from $7.3 million and 115 employees in 2009 to $28 million in revenues and 450 employees in 2013.
- Categories
- Entrepreneurship, Environment, Impact Assessment
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When Tropical Storm Isaac Hit, Microinsurance Payouts to Haiti’s Small Business Owners Quickly Followed
Through a for-profit reinsurance company called MiCRO (Microinsurance Catastrophe Risk Organisation), formed in March 2011 by the global humanitarian agency Mercy Corps and Haiti’s largest microfinance institution Fonkoze, female microentrepreneurs who hold policies will have their loans cancelled and receive a $125 USD payout to replace damaged inventory or repair homes or businesses.
- Categories
- Entrepreneurship
- Tags
- microinsurance, SME
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