The European Union will be supporting Yola-based Standard Microfinance Bank in starting a training programme which will commence in 2013. Under this programme, small business owners will be trained in financial literacy. Read more here.
The Central Bank of Nigeria will soon be compiling a comprehensive database of all the microfinance institutions active in the country. Read more here.
SUFIL (Support to Financial Inclusion in Lesotho), in collaboration with the Central Bank of Lesotho, the Ministry of Finance, UNDP and UN Capital Development Fund has carried out a study that intends to find out the best means to protect the most vulnerable in the country. The outcome has directly […]
EBRD or the European Bank for Reconstruction & Development has kicked off a new project in Azerbaijan which will campaign for and promote gender equality in the financial sector through supporting women in achieving access to finance. Read more here.
Microfinance leaders from across the world recently launched a new campaign called “Global Appeal for Responsible Microfinance”. This is in the form of a landmark document which urges the mobilisation of stakeholder influence and contribution to ensure a ‘strong and principled’ microfinance industry. Read more here and here.
AMIR or the Associations of Microfinance Institutions in Rwanda recently completed making contributions worth a total of RWF 100 million, to go to the Agarico development fund. Read more here. AMIR has also introduced a landmark billing system which determines membership fees of the subscribed MFIs based on their respective […]
IFC (International Finance Corporation), a part of the World Bank group has invested a sum of INR 450 million, and the foreign institutional investor FMO, Entrepreneurial Development Bank has invested a sum of INR 28 million in India based MFI Ujjivan. Read more here.
In Cambodia, about a third of the people are below the poverty line and as many as 80 per cent live in rural areas, where products or services, even if affordable are not available. For most of these people, saving long term is out of the question as they live […]
According to the outcomes of a study by the EPPI-Centre at the Institute of Education, University of London, microfinance is most favourable to class of poor who are relatively better equipped with training and education, and could make the poorest people poorer. Read more here.
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