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News

60 Decibels Global Microfinance Index Reveals New Findings in Landmark 2023 Report

60 Decibels listened to more than 32,000 microfinance clients, bringing their complete Microfinance Index dataset from 2022 & 2023 to more than 50,000 clients globally — more than 1 million unique data points.

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The Peace Dividend Initiative and Symbiotics Announce Partnership to Create the Peace Venture Fund

The Peace Venture Fund is a partnership between the two organizations to invest in peace-supporting businesses and support entrepreneurs in fragile and at-risk countries.

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SAMA Money Acquires First Microfinance Agency to Improve Financial Inclusion in Mali

Following this acquisition, PAMF will operate with SAMA Money Group’s objective of improving the group’s contribution to financial inclusion for the unbanked population by providing accessible digital microfinance services to everyone.

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Parametric Insurance Instilling Sense of Security in Tonga

The introduction of parametric insurance in Tonga last year is already having a positive impact on the mindset of beneficiaries, as well as the country’s overall financial services ecosystem.

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Georgia Boosts Financial Inclusion, Transparency With EU, World Bank

The reforms are expected to benefit both individuals and companies through increased access to financial products such as credit and digital payments, as well as improved consumer protection supervision.

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Updated - Open Call For Proposals: Financial Access for Smallholder Farmers in Sierra Leone

The general objective is to test a tailor-made and innovative agricultural product for smallholder farmers and expand the loan products to rural areas.

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The State Bank of Pakistan Awards In-Principle Approval to 5 Digital Retail Banks

The awardees include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited.

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Iowa Credit Union Foundation Announces $150,000 Grant Initiative to Increase Financial Inclusion in Iowa

The Iowa Credit Union Foundation recently announced a new three-year, $150,000 investment in a grant initiative that will address barriers to financial well-being for minority populations in Iowa.

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Fortune Credit Ltd, Fundación Génesis Empresarial, & Yikri Announced As Finalists for European Microfinance Award 2023 on Inclusive Finance for Food Security & Nutrition

On the 19 and 20 September 2023, the Selection Committee for the European Microfinance Award 2023 (EMA2023) on “Inclusive Finance for Food Security & Nutrition” selected the three finalists who will go on to compete for the EUR 100,000 prize.

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IDEO Last Mile Money Launches Financial Confidence Playbook!

IDEO Last Mile Money's Financial Confidence Playbook is a design guide for product teams and research organizations focused on digital financial services for the last mile.