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News

Symbiotics Launches $6.75 M Sustainability Bond in Armenia With ACBA Bank OJSC

ACBA has committed to use the proceeds of the Sustainability Bond for both social and green projects, in line with the ICMA Sustainability Bond Principles.

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Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries

Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.

News

IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs

IFC announced an investment for the National Bank of Iraq to support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions.

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Santander Invites Startups and Scaleups to Apply for Financial Inclusion Challenge

To be eligible, startups should have annual revenues of up to EUR 250,000  while scaleups need more than EUR 250,000 in annual sales.

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Bangladesh: IFC, BFIU to Build Infrastructure to Fast-Track Financial Inclusion

The International Finance Corporation and Bangladesh Financial Intelligence Unit will work together to develop an electronic know your customer (eKYC) infrastructure to fast-track financial inclusion.

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Call for Activities - Tipping the Scales: Mobilizing the Network for Unlearning, Learning and Change

Through a series of introspective dialogues, peer learning, and change-generating activities, the aim is to tip the scales for transformative change, not from the top-down, but from the inside out.

News

Nigeria: Richway Microfinance Bank Wins Best SME Support Bank of the Year 2021 Award

Richway beat a host of other banks at the International Standards Excellence Award 2021, to take home the Award for performing exceptionally in a tumultuous year characterized by the negative impacts of COVID-19 pandemic.

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COVID-19 Recovery Funds Benefit to 3,000 Businesses in Rwanda

The Executive Director of Association of Microfinance Institutions said that a total amount ranging between RWF 4 billion ($4M) and RWF 5 billion ($5M) has been channeled through microfinance institutions to help small businesses recover from COVID-19 effects.

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Kenya: Central Bank Releases Over KSH55B (~ $500M) to Rescue Struggling Local Lenders

The disclosures, contained in CBK's latest annual report, shed light on the behind-the-scenes operations to rescue struggling lenders from sinking.

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QR Codes Turn Colombia's Cash-Centric Consumers Digital

A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.