ADB and BlueOrchard Sign $50M Risk-Sharing Agreement to Expand Microfinance
Under the program, the company's flagship fund, the BlueOrchard Microfinance Fund, will invest in selected microfinance institutions and banks.
Agricultural Bank of Egypt Launches New Facilities Through ‘Bab Rizq’ Program
The step is part of the Central Bank of Egypt’s (CBE) initiative to promote financial inclusion for farmers, on the occasion of Egyptian Farmer’s Day.
Brazil: Nubank Partners With SoftBank-Backed Lending Fintech Creditas
Creditas’ products and services will be available on Nubank’s app in Brazil by the end of this year.
IFC Invests in Sekura to Improve Access to Insurance in Mexico
The co-investment represents IFC's first investment in the insurance brokerage sector and reflects IFC's interest in increasing insurance penetration for Mexican companies alongside a leading player in the market.
PaygOps Supports Last-Mile Distributors’ Scalability With a Disruptive Receivables Finance Mechanism
Eventually, this project aims at supporting last-mile distributors scaling their operations and providing investors with data transparency and standard formats to unleash new investment opportunities.
A Manual and a Toolbox to Improve the Financial Health of Microentrepreneurs
After two years of research including the latest developments brought by the Covid-19 pandemic, a financial health manual is now available.
Mastercard (MA), MFC Tie up to Help Microfinance Companies
This latest move by Mastercard will help 90 plus MFIs and 300,000 small businesses across Europe and Central Asia sail through the COVID-led financial turmoil.
COVID-19 Fuels 41 Percent Spike In Global Real-Time Payments
COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.
Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic
The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.
Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund
Capital from the Kiva Refugee Investment Fund will be invested in partnership with microfinance partners across the Middle East, Africa, and Latin America.