Brookings Institution Press Publishes a Book "The Future of Microfinance"
New book tells the important story of how microfinance developed, how it has met the needs of hundreds of millions of people, and addresses key questions about how it can continue to meet those needs in the future.
IFC Mobilizes $2B in Credit Capacity From Insurers to Expand Lending to Financial Institutions
IFC has partnered with six global insurance companies to mobilize $2 billion in credit capacity under the Managed Co-Lending Portfolio Program (MCPP).
IFC Finances Garanti BBVA to Support Turkish MSMEs Amid the COVID-19 Pandemic
IFC is providing a $50 million senior loan to Garanti BBVA to help micro, small, and medium enterprises weather the effects of the COVID-19 pandemic.
COVID-19: FNFI Backs Nine Microfinance Institutions
The National Fund for Inclusive Finance is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis.
RBI Asks Payment Systems Operators to Educate Public on Safe Digital Transactions
The Reserve Bank of India (RBI) on Monday directed payment systems operators to undertake targeted multi-lingual campaigns by way of SMSs and advertisements to educate their users on safe and secure use of digital payments amid incidence of frauds continuing to bedevil people.
Philippines: ADB Grants MFI-NGO $30-M Credit Facility for Micro-Entrepreneurs
The first tranche of the credit facility amounting to $10 million will extend loans to over 25,000 women-entrepreneurs owning small businesses, which suffer from the economic impact of the (COVID-19) pandemic.
Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness
The loan will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in the country.
European Payment Giants Join to Form an Industry Alliance
The body will try to influence the EU laws for the payments industry.
Worldwide Foundation for Credit Unions Launches Digital Campaign
‘Everyone Deserves Digital’ is being launched "because digital services are no longer a convenience - they’re a health necessity," executive director of the Worldwide Foundation said in a statement.