News
Sudan Central Bank Raises Microfinance Ceilings, Bans Accounts of 157 Exporters
Source: Sudan Tribune
Sudan’s central bank raised microfinance lending limits on Monday and banned 157 companies from banking activities for failing to repatriate export earnings, the state news agency SUNA reported.
The central bank lifted the limit on microfinance loans to 4 million Sudanese pounds ($6,844) from 1.5 million pounds for productive sectors, and to 2 million pounds from 750,000 pounds for services, trade, and household sectors. The move aims to boost financial inclusion and support small businesses.
About this News Item
Published
Latest from Our Blog
View all blog posts
Is There a “Steel Bullet” for Helping Businesses Grow?
Financial diaries which provide microentrepreneurs with tailored business reports are helping them to grow their businesses, showing the power of access to data.
Working to Promote Food Security in Burkina Faso
Claire Lossiané of YIKRI, winner of the 2023 European Microfinance Award, reflects on the MFI’s programs to combat malnutrition.
India’s Digital Divide Threatens the Progress of Financial Inclusion
There are three key challenges that need to be addressed to fulfill the promise of India's much-lauded digital public infrastructure, as mobile phones and internet access remain inaccessible for a significant segment of the population.