The project allows for financing of various loan purposes, for example purchase of housing from primary and secondary markets, renovation, and single-family house construction.

The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.

The European Microfinance Award (EMA) is a prestigious annual award with EUR 100,000 for the winner and EUR 10,000 for the two runners-up, to promote financial inclusion initiatives and highlight their innovating contribution in a particular area to the development of the sector. 

The deal will expand PPRO’s offering, strengthen its presence and networks in Asia Pacific, and allow it to deliver products and services faster to its customers.

Opportunity International’s Managing Director of Strategic Partnerships elaborates on the initiatives of the organization that has extended support to organizations aimed at offering financial services and digital tools to millions living in extreme poverty.

Its seven-member board now comprises four women board members including Geeta Goel, Michael & Susan Dell Foundation, Suvalakshmi Chakraborti, Founder Finreach, Treasa Mathew, Omidyar Network, and Sucharita Mukherjee, Co-founder, Kaleidofin.

The Central Bank of Nigeria, supported by the Alliance for Financial Inclusion, developed and launched the Framework for Advancing Women’s Financial Inclusion in Nigeria, aiming to close the gap by 2024.

The agreement between Financiera Confianza and IFC contemplates the instrumentation of tools that allow a closer knowledge of the needs, challenges, preferences, experiences and aspirations of foreign men and women residing in Peru in everything related to the use of financial services.

DISCAI will initially offer an innovative and high-performance AI-based solution that closely monitors money laundering ("Know Your Transaction" under anti-money laundering regulations). 

In a statement issued on Thursday, the group said the launch would provide solution to the lack of easily accessible bank branches across the country which has affected about 38 million of unbanked Nigerian adults.