All News and Announcements
IFC Makes Debt Investment in Microfinance Entity CreditAccess Grameen
The proceeds will be used towards expanding the company’s portfolio to female borrowers for income generation purposes, specifically in the low-income or rural areas of India.
Pakistan: JS Investments Launches JS Microfinance Sector Fund
With this addition, the company stays true to its vision of providing investors of Pakistan access to all asset classes.
Digitizing Payments Can Add $6.2 Billion to Bangladesh’s Annual GDP
The Government of Bangladesh, in partnership with the UN-based Better Than Cash Alliance, just launched its 2022-2025 National Digital Payments Roadmap – a call to action for key public and private sector actors to speed up responsible payment digitization to leave no one behind.
Cost Rises for Micro Borrowers as RBI Deregulates Lending Rates
Certain lenders have revised their lending rates upward by as much as 400 basis points as they apply risk-based pricing to arrest the asset quality degradation and the loss they suffered in the last three years.
ADB and HSBC India Establish $ 100 M Guarantee Plan for Microcredit
The program will help women running small businesses and microfinance institutions lending after the pandemic.
Pakistan: ACCA, PITB Join Hands to Increase Financial Inclusion
The goal of the collaboration is to work jointly mainly on financial inclusion, financial literacy of Punjab Information Technology Board incubation wing startups and awareness for the stakeholders of the Association of Chartered Certified Accountants.
Nepal: World Bank Provides $150M to Strengthen Country's Financial Sector
The credit aims to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal's green, resilient, and inclusive development.
In a First for India’s Fintech Ecosystem, Kaleidofin Announces Its Board Is Majority Women Led
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.
NPCI International, Gateway Payment Service, and Manam Infotech Join Hands to Deploy UPI Solution in Nepal
This collaboration will enable the last-mile consumers in Nepal to reap the benefits of an open interoperable payments system driving immediate payment transfers between bank accounts and merchant payments in real-time.
U GRO Capital Impact Financing Gets Endorsement From responsAbility
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.