Microfinance Provider Sindhuja Microcredit Raises $14.5 Million From GAWA Capital, Oikocredit
The capital will be used in funding expansion to new geographies and existing ones along with new product lines.
U GRO Capital Impact Financing Gets Endorsement From responsAbility
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.
Leveraging Transactional Data for Micro and Small Enterprise Lending
This case study examines the data and experience of two fintechs in India that use different sets of transactional data for credit scoring.
Open Finance Self-Assessment Tool and Development Roadmap
This technical guide introduces the open finance self-assessment tool and development roadmap. It provides practical tools for policymakers to use to decide whether to implement an open finance regime to advance financial inclusion.
The Building Blocks Supporting Open Finance
This working paper introduces the concept of an inclusive data ecosystem as one where low-income people’s data trails are used to improve their financial inclusion.
Oikocredit Co-Leads a $39 Million Investment in Altum Credo to Promote Affordable Housing Finance
Oikocredit, alongside Z3 Partners and with the participation of British International Investment, has led a $39 million equity investment in Altum Credo to bolster affordable housing finance in India.
Understanding Users’ Experience With Digital Lending Applications in India
This slide deck shares the results of a survey conducted by MSC and FACE to analyze user knowledge and behavior regarding digital lending applications (DLAs) and digital loans.
MicroVest Invests $10 Million in Annapurna to Support Financial Inclusion for Women in India
The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.
India: B20 Task Force Identifies Key Priority Themes for Global Financial Inclusion
The B20 task force on financial inclusion for economic empowerment has identified 11 key themes around gender and diversity, reducing cost of borrowing for underserved segments, harnessing power of BCs, intervention of agriculture and rural segments, cross border payments and more.
Incofin India Progress Fund Invests $4.3 Million in Varashakti Housing Finance
The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.