All News and Announcements
Microfinance Sector Undergoes Reforms Despite Present Cash Crunch
The new reforms plan and package of proposals with special focus on poor rural women will be presented to the Parliamentary Select Committee on Gender Equality within a month.
WEE-DiFine Initiative: Request for Proposals for Small Grants up to $50,000
Based at the BRAC Institute of Governance and Development in Bangladesh, the Initiative supports rigorous research projects exploring this theme in South Asia and Sub-Saharan Africa.
Grassroot Strategy to Realize Financial Inclusion in Indonesia
Indonesian technology company Grab, one of the biggest names looking to make a mark in the segment, is engaged in expanding financial inclusion by adopting a grassroots strategy.
Symbiotics Becomes a Certified B Corporation® Rated Among the Highest in Switzerland
The results of the very comprehensive B Impact Assessment provide an important benchmark for the company and a path to further improve certain areas and take specific actions in the years to come.
IFC, Banco Daycoval Support Smaller Businesses, Including Those Owned by Women, in Brazil
The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.
VisionFund Reports Resilience in Refugee Finance in the Face of COVID-19
In 2020, savings groups in refugee contexts have had the lowest late repayment rate compared to any of the other clients served by VisionFund Uganda.
State-Specific Lockdowns to Hit Microfinance Institutions
The senior director and deputy chief ratings officer at Crisil said the sector's collection efficiency has stalled at 90 to 94 percent over the past few months, compared with the pre-pandemic level of 98 to 99 percent.
Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund
Capital from the Kiva Refugee Investment Fund will be invested in partnership with microfinance partners across the Middle East, Africa, and Latin America.
Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic
The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.
COVID-19 Fuels 41 Percent Spike In Global Real-Time Payments
COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.