The microfinance industry as a whole is hopeful that the proposed Microfinance Bill, 2012 will get the Parliament’s approval During the upcoming Budget session. This bill will define the role of microfinance institutions for all future references in the industry. Read more here.
According to data from the National Association of the Right to Credit, as many as 174 businesses were granted loans as of last year. These loans helped create many jobs, and it was found that four out of ten companies funded through this microcredit were being run by people under […]
The high court of the Indian state of Andhra Pradesh, the epicentre of the microfinance overlending storm in 2010, has upheld the severe law on microfinance in the state which was subsequently launched. The petition to declare the Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act 2010 as […]
This post talks about the importance of educating the target customers when it comes to microfinance. Microfinance is no longer all about microcredit. It has expanded in definition to include microinsurance, perhaps the most important form of financial access for the poor as it decreases risks for poor, encouraging them […]
A number of MFB customers who want access to loans, but are unable to get it are awaiting the launch of a comprehensive microfinance scheme in Nigeria. This scheme will act as a guarantee for people who were unable to provide collaterals for taking loans from MFBs before. Read more […]
The Government, in its upcoming budget, is also going to include new incentives for low cost houses, given the growing middle class ‘hunger for homes’ in the country. Read more here.
The Rwanda Housing Authority (RHA) is soon set to launch a new law that addresses the problem of severe housing shortages in the country. The government, through the RHA is planning to revise this law such that it helps the middle and low income earners in the urban areas of […]
Brazil has implemented its MCMV (Minha Casa Minha Vida – My House My Life) scheme which has helped many low income earners secure their own houses – houses which are of a superiority quality. Subsidies to mortgages are provided in proportion to the level of poverty. The funding comes from […]
A new housing microfinance fund – the New Urban Finance Facility for Africa (NUFF) is planning to invest an amount of US$100 million in housing for urban Africa, across four countries – Kenya, Ghana, Tanzania and Uganda. This fund will develop programmes for affordable housing real estate development, besides lending […]
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