Veena Mankar, a banker in Mumbai (formerly Bombay), India, looked at the slums in her city and wondered why needy people in urban areas could not benefit from the same access to loans and other ...
The awarding of the Nobel Peace Prize to the Bangladeshi economist Muhammad Yunus this month may provide a lift to the already rapidly growing field of microfinance, and bring financial services to a ...
While scandals rock the microfinance industry, Christian nonprofits diversify their efforts to help the poor. Microfinance may be falling victim to its own success. Since starting in the 1970s, ...
The NPP government is planning to replace the outdated Microfinance Act of 2016 with a new law that introduces stronger ...
When the rich suffer, so do the poor. Or so goes the trickle-down theory. It turns out, though, that the spreading of global financial pain is far from simple. The microfinance industry, for instance, ...
[Courtesy Maria Lenis] College sophomore Jose Palau interviews entrepreneurs who own and operate an Internet kiosk in the village of Thiruvallur, in southern India. The project was made possible by ...
This was compounded by customer overlap, as microfinance institutions moved up-ticket while fintechs and other NBFCs moved down-ticket, giving borrowers multiple access points to credit. Against this ...
Hit by the credit crunch, lenders anticipate fewer loans to the poor. When Mama Atiya’s husband died in 2006, her in-laws claimed the family property, a patriarchal tradition in the Democratic ...
Strict enforcement of the rule book by the Reserve Bank of India (RBI) on sharing credit information with credit information companies (CICs) and accessing it from them has put non-profit microfinance ...
According to the Bank of Ghana, this decline is not merely a financial outcome, but it reflects a reduced contribution to ...
In a major step toward strengthening Nigeria’s digital payment ecosystem, Strowallet Digital Services Limited has unveiled its card issuing infrastructure, designed for fintech startups, microfinance ...
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