The aim of the investment is to boost competitiveness in the small and medium enterprise finance market while also improving financial inclusion, creating jobs, and supporting the nation's climate goals. 

Lack of a formal IDs slows economic growth by limiting who can participate in the formal economy.

Bahrain hosts much of the most innovative fintech activity, including wider access to financial services.

The $10 million funding will enable Nithio to extend its financing to distributors of solar home systems and solar appliances for productive use, such as lighting, communication, irrigation and cooling systems for households and businesses.

The pioneering platform has recently gained recognition by being selected for the prestigious UK Libra accelerator program. It collaborates with banks and other partners to provide users with practical experience in managing finances.

This impactful collaboration will promote financial inclusion by addressing the specific needs of female customers in the banking sector through in-depth market research, a robust Customer Value Proposition, and strategic linkages with Sri Lankan women and women-owned Small and Medium Enterprises.

With support from the World Bank, the Western Balkan economies are making significant progress in aligning their national payment systems with EU standards as part of their accession goals.

Through AFI’s Arab Region Financial Inclusion Policy Initiative, AFI members will share knowledge and support peers, helping to ensure the success of national initiatives while promoting harmonized regional policies.

Under this agreement Garagaara will provide an expandable shariah compliant line of financing to KIMS for use by the institution to increase its provision of financing of MSEs across the Somalia.

MicroBuild will provide significant debt relief to Al Majmoua to help alleviate financial pressures and support the MFI’s ongoing efforts to fulfill its social objectives.