All News and Announcements
Incofin India Progress Fund Invests $4.3 Million in Varashakti Housing Finance
The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.
De cada 10 personas en la base de la pirámide, cuatro prefieren ahorrar en efectivo
En Perú, de los clientes nuevos de Bancamía, 90% es vulnerable desde el punto de vista de sus ingresos y 40% accedió a un crédito formal.
Symbiotics Investments Closed the First Local Currency Transaction in Pakistan With Kashf Foundation
Symbiotics Investments' loan represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan.
Paywatch, Visa Sign MoU to Promote Financial Inclusion Among Asia’s Workforce
Paywatch, a South Korean startup based in Malaysia since 2022, announced last week an MoU with Visa to promote financial inclusion and bridge the gap between traditional banking services and the unbanked populations in Asia.
FMO and Finnfund Back SATYA MicroCapital With $35M to Make Formal Finance More Accessible to Women in India
The funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment.
Denmark Signs Agreement With UNDP and UNCDF Bangladesh to Extend Local Government Initiative on Climate Change for Two Years
The extension of the Local Government Initiative on Climate Change Project will be implemented in two districts of Bangladesh to strengthen communities' resilience to the impacts of climate change.
BGMEA, Mitro Fintech Signs Deal to Improve RMG Workers Financial Inclusion
The Bangladesh Garment Manufacturers and Exporters Association has partnered with Mitro Fintech Ltd to improve the financial inclusion of Ready-Made Garments workers by offering them digital financial solutions.
MicroVest Invests $10 Million in Annapurna to Support Financial Inclusion for Women in India
The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.
Huawei, bKash Sign MoU to Strengthen Partnership and Improve Financial Inclusion in Bangladesh
Huawei, a leading global technology solutions provider, recently reaffirmed its commitment to bKash, the leader in mobile payments and financial services in Bangladesh, that will plot the way towards financial inclusion.
Commercial Bank of Ceylon Launches a Digital Marketplace to Help Sri Lanka’s Small Businesses
The International Finance Corporation is supporting the Commercial Bank of Ceylon to launch a digital marketplace in Sri Lanka, which will help business owners connect with more customers locally and abroad.