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.
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.
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.
BECU Taps MX for Savings App
MX announced it has partnered with BECU today to build a mobile app feature Quick Save that encourages BECU members to build savings through frequent, small-amount transfers.
Reserve Bank Launches Index to Capture Financial Inclusion
The Financial Inclusion Index has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal, and the pension sector in consultation with government and respective sectoral regulators.
IFC, Rwanda Capital Markets Authority and Central Bank Join Forces to Boost Access to Long-Term Finance for Small Businesses
The four-year partnership will help expand access to long-term local currency finance in Rwanda for key sectors such as housing, agribusiness, and smaller businesses.
Save the Date for the 18th Annual Conference, the First Physical Event of This Dimension Since the Pandemic
The conference will take place on 14-15 October in Brussels, Belgium.
SoftBank Makes First Africa Bet on OPay at $2 Billion Valuation
"We want to be the power that helps emerging markets reach a faster economic development," OPay Chief Executive Officer Yahui Zhou said in a statement.
India: Visa to Enable Deeper Financial Inclusion With Offline Payments
The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.
Designing Interoperable Agent Banking Business Model for ARB Apex Bank in Ghana
The main objectives of the assignment were to design agency banking business model, map potential agents’ locations throughout the country, and provide technical assistance for branding, advertising, consumer education and industry sensitization on agency banking.