Nubank Secures Loan of up to $150 Million From IFC to Strengthen Its Operation and Expand Access to Financial Services in Colombia
The new loan will increase access to payment systems for Colombians, in addition to promoting greater competition in the industry in favor of consumers.
Argentine Foreign Minister Lauds Brac’s Social Development and Financial Inclusion Initiatives
Argentine Foreign Minister Santiago Andres Cafiero visited BRAC head office on Monday to learn about BRAC's approach to designing anti-poverty solutions, especially with a focus on women's empowerment and financial inclusion of rural women.
UNI2 Microcrédito Receives $3 Million Loan From Triodos Microfinance Fund and Triodos Fair Share Fund
The debt facility provided by Triodos Microfinance Fund and Triodos Fair Share Fund will enable UNI2 to further expand its loan portfolio in post-conflict areas of the country where poverty rates are high.
IFC and Nu Colombia Announce Alliance to Promote Financial Inclusion of Venezuelan Migrants in Colombia
The agreement will allow Nu Colombia to build the foundations to launch, in the future, a market strategy that promotes the financial inclusion of this population through access to digital financial services focused on savings accounts.
The Promises of Digital Bank Accounts for Low-Income Individuals
This study tests the extent to which the promises of digital modes of payment, increased efficiency of transactions, increased financial inclusion, and improvements in the financial well-being of low-income individuals, are fulfilled.
An Introduction to the Small Firm Diaries
The Small Firm Diaries is a global research initiative to better understand small firms in low-income neighborhoods of developing countries, especially the barriers to growth such firms face, through high frequency quantitative and qualitative data collection (“financial diaries”).
Symbiotics Investments – Arranged Repack Enables Amundi Asset Management to Invest in BBVA Colombia’s Blue Bond
The issuance of the blue bond gives BBVA Colombia a fresh source of funding to grow their investments in water and marine-related projects.
Fintechs Transform Banking Landscape in Argentina, Reaching Full Population Coverage
The Argentinian Central Bank recently announced that, with the assistance of non-traditional players such as fintech, the financial system is on the verge of achieving full coverage for the adult population.
Argentine Banks File Complaint Against Mercado Libre Over its Fintech Business
This marks a significant escalation in a longstanding dispute between the financial sector and the Buenos Aires-based fintech giant.
Colombian Microfinance Firm MiCreditoYa Microfinanciera SAS Welcomes €1.1M Investment
The €1.1m investment in MiCreditoYa from the ABC Fund will enable MiCreditoYa to expand its loan portfolio, potentially adding 2,500 loans to farmers in Nariño onto its loan book over the next two years.