The Central Bank of India has decided that applicants for new bank licences will have to ensure that out of every 100 loans that they disburse, 40 must go to priority sector including education, agriculture and low cost home loans, by lending to students, small farmers and low cost home […]
Silatech in Somalia, and American Refugee Committee are collaborating with Kaah Express, one of the largest money transfer businesses serving Somalis worldwide, to launch a new microfinance services programme which will include enterprise credit and savings accounts. Priority will be given to low income youth and women with a focus […]
International non-profit for microfinance, VisionFund will be celebrating its 10th year of existence this year. It will celebrate this by publishing throughout the year, profiles of some of its successful microfinance clients across the world. Read more here.
IFAD, or the International Fund for Agricultural Development has recently provided an amount of US$925,000 to the existing Agricultural Bank of Sudan Microfinance Initiative (ABSUMI). This fund will be used to improve the lives of as many as 150,000 households through a variety of both agricultural and non-agricultural investments. Read […]
Family Bank in Bahrain, together with Tamkeen (Labour Fund) has signed an agreement wherein US$2.65 million, or BHD 1 million will be added to the microfinance portfolio of Family Bank’s Microfinance Support Scheme. Read more here.
Berlin based company, Mambu has received US$2 million in funding from Runa Capital and Point Nine Capital. This fund will be used to establish a global presence and expand its team of developers. So far, Mambu has enabled over 70 MFIs in 20 countries. Read more here.
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 […]
Get The Latest From The Social Sector In Your Inbox
Subscribe to our newsletter
View Our Publications
06 Key Lessons for informing policy decisions: Mainstreaming tribal-specific climate adaptive capacities in vulnerable coastal regions within National Action Plan on Climate Change
Five Key Lessons for Policy Consideration: Scaling Climate Action Programs for Landless Rural Communities in Semi-Arid Ganges-Brahmaputra Basin in South Asia
India's latest GST reform, being termed as GST 2.0, is more than just slashing rates. By simplifying the tax structure, cutting levies on essentials, and supporting renewable infrastructure, it's open..
In 2023–24, Indian companies spent about ₹1,396 crore of their CSR budgets on sports — just 4% of the total ₹34,909 crore Indian corporates spent on CSR that year. Most of the rest went to edu..
Under the National Rural Livelihood Mission (NRLM), India has 7.5 million Women Self Help Groups (SHGs) spread across 27 states and 6 Union Territories. Each of these small, self-governed, and peer-co..