John Kluge, social entrepreneur, philanthro-‘punk’ and ‘toilet-hacker’, has taken on the issue of low awareness about the availability of toilets in the developing world, through his ‘Give a Sh*t Manifesto’. This post is a Q&A with the rich entrepreneur. Read more here.
According to the Central Bank of Nigeria, this year it will devise a strategy to financially include the 39.2 million Nigerian adults in the country’s mainstream economy. Read more here.
The Bank of Zambia has put a cap on the annual rates of interest that licensed NBFCs or Non-Banking Financial Institutions can charge their customers. This ceiling has been fixed at 42 per cent and is effective immediately. NBFCs in Zambia have in the past charged exorbitant rates. Read more […]
India is known for corruption and exploitation of the poor, who cannot defend their rights. Typically, government money meant for poor has always garnered the pockets of the rich involved in implementation. However the Indian government is now launching a new scheme which aims to change the modalities of cash […]
FINCA International, an international organization dedicating to financing low income micro entrepreneurs recently opened their Americas’ Data Centre (ADC). This centre is based in Washington DC and processes data for Latin American borrowers. It has other centres in Frankfurt, Germany to process data of African borrowers. Read more here.
Opportunity Ghana, part of Opportunity International, an organization that is engaged in microfinance, is using the medium of technology to be able to scale access to financial products to a greater number of the marginalized rural Ghanaians. Read more here.
According to a study by the Indian Institute of Management, Ahmedabad, on the impact of microcredit given out by the MFI Bandhan, women benefited the most. The benefits were quantified by an increase in the say of the women in children-related decisions like educational expenses, girl-education and more. Read more […]
Fewer than one in 20 Cambodians has a formal bank account, despite advances in an expanding financial sector market, according to a paper by the World Bank. According to this paper, lack of financial inclusion is a barrier to Cambodia’s economic progress. Read more here.
A newly opened Myanmar has recognized as national priorities the setting up of microfinance institutions and other private organanizations under the leadership of its President, Thein Sein. This will be done under the organizational guidance of the First Myanmar Development Cooperation Forum. Read more here.
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