CGAP, Symbiotics Partner to Monitor COVID-19’s Impact on Microfinance
The partnership will track and analyze the performance of hundreds of microfinance institutions across the world over the next six months, in an ongoing effort to shed light on how the COVID-19 pandemic is impacting the microfinance sector.
“Past Imperfect; Future Tense”: Online European Microfinance Week 2020 Begins, for a Financial Inclusion Sector with Much to Discuss
EMW brings together all branches of the industry, including e-MFP’s own members, to discuss trends, innovations, challenges and opportunities in inclusive finance in developing countries.
Mastercard, Juvo Team up to Help Underbanked Build Credit In LATAM, Caribbean
Mastercard plans to take Juvo’s platform to financial institutions across Latin America and the Caribbean. The companies said the service could potentially help open up banking services to millions of customers.
AFC Strengthens Its Presence in Ghana With Three New Projects in the Financial Sector
AFC started implementing three new projects in fall this year that aim to promote financial sector soundness and access to financial services by individuals.
Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions
The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.
Virtual European Microfinance Week 2020 Wraps Up - Taking Stock of the Impact of 2020 and Discussing How to 'Build Back Better'
European Microfinance Week, for the first time entirely online, concluded Friday with a fireside-style conversation on the implications of the events of 2020 for the future of financial inclusion.
Symbiotics Launches First Sustainability Bond With ARMECONOMBANK OJSC in Armenia
Symbiotics, the leading market access platform for impact investing, has arranged its first Sustainability Bond, that is also the first such bond in Armenia, by raising about $10,700,000 in local currency for ARMECONOMBANK OJSC.
SANAD Provides First Tier II Capital in Egypt to Banque du Caire
Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.
AFD Loans $356M to IFAD to Assist Rural Farmers
AFD loans $356M to IFAD to assist rural farmers in developing sustainable agriculture, accessing microfinance, fighting hunger, responding to climate change, enduring COVID-19 pandemic.
Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic
Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.