All News and Announcements
Is the Coronavirus Killing Off Cash?
Tech firms see the opportunity they’ve been waiting for as shoppers and business recoil from paper money. Who’s hurt when legal tender goes away?
Microfinance Firms in Turmoil as Collections Come to a Grinding Halt
The lockdown has brought the collection operations of microfinance institutions (MFIs) to a halt, as about 95 percent of the loan repayments are still done through cash.
Russians Withdrew a Year’s Worth of Cash in a Month Over Coronavirus Fears
Amid the coronavirus pandemic Russians are stocking up on cash.
Group of Non-Bank Lenders to Issue Pooled Debt Instruments
This will help firms below investment grade access the liquidity tap since such joint effort would typically enhance their credit rating.
Vodacom and Safaricom Buy M-Pesa
Vodafone has sold M-Pesa to South African and Kenyan telecoms companies Vodacom and Safaricom, which are targeting further expansion for the leading African fintech brand.
FINCA International Launches Emergency Response Fund for COVID-19
FINCA International mobilized to address the needs of the most vulnerable in the countries where it works, launching the FINCA Emergency Response Fund.
IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products
IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.
Coronavirus Impact: MFIs Feel There Will Be Pent-Up Demand for Loans After Lockdown Ends
MFIs are hopeful of bouncing back as the stakeholders feel there will be pent-up demand for loans after the lockdown restrictions are lifted.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?