All News and Announcements
Thailand-Based Thitikorn Buying Microfinance Institution Myanmar Financial International Limited (MFIL)
Thai consumer finance firm Thitikorn recently secured agreement from the shareholders of Myanmar Financial International Limited (MFIL), a microfinance provider in Myanmar, to buy the company for no less than two times its audited book value.
A List Of Fintech Firms Providing Free Technology During The Coronavirus Crisis
To help banks help their customers through these trying times, many fintech providers are extending free, discounted, or accelerated deployment offers to financial institutions.
Flash Money App Launches to Boost Financial Inclusion in Congo
Congo-based fintech Flash has launched a payment tool including a Visa card offering, Flash Money, for the Congolese market.
BBVA Microfinance Foundation’s Institutions Establish Measures for the 2.2 Million Entrepreneurs It Serves During the Health Crisis
Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.
NpM Members Issue Investor Statement on Covid-19
A statement on COVID-19 by the Dutch emerging market impact investors, under the banner of NpM.
COVID-19 (Coronavirus) Drives Sub-Saharan Africa Toward First Recession in 25 Years
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the latest Africa’s Pulse, the World Bank’s twice-yearly economic update for the region.
Microloans, Seen as Salvation for Poor Women, Trap Many in Debt
Five years ago, Amira Hawamdeh took out a loan for $423 to buy buttons and yarn to make purses and sweaters, and winter blankets to sell to her neighbors.
With 61 Percent of Loan Book Tied Up in High-Risk Microcredit, Bandhan Bank Feels the Heat of Coronavirus Lockdown
In 2010, when the microfinance crisis broke out in the southern state of Andhra Pradesh, banks with high exposure to Micro Finance Institutions (MFIs) witnessed a devastating phase.