yuMobile, a Kenyan mobile network operator has joined hands with Microensure to provide mobile based microinsurance to the underserved people in Kenya. The resultant product will be called yuCover, and rewards customers with renewable monthly life and disability cover based on the amounts of airtime recharged by them. Read more […]
Kolkata, West Bengal based MFI Arohan Financial Services has been acquired by Intellecash Microfinance Network Limited, an arm of the Intellecap Group of companies. Read more here.
While people in the developed economies are exposed to the extremities of climate change once in a while, the people in developing countries are geographically so placed that climate change is harming their livelihoods on a regular and sustained basis. MFIs are now thinking about factoring in risk from climate […]
Most urban migrants who come to live in the cities do not have a secure housing arrangement, nor access to formal banking services. They resort to burying money in the ground, or saving with their local shopkeepers, and many don’t see their savings again due to this. Even when sending […]
A high-tech remote sensing company in Netherlands started the pilot satellite based microinsurance for the benefits of farmers in Africa. The name of the programme was FESA Micro-insurance, and the name of the company EARS Earth Environment Monitoring. Now, the trend has evolved into a growing industry wherein satellite data […]
This post talks about the common problems shared by both China and India when it comes to P2P lending. Both high charging money lenders and loan sharks have effectively made the underserved people in either countries turn towards low-interest charging, credible money lending institutions like MFIs. Read about the details […]
A previous post detailing why it was imperative to regulate MIVs (Micro-finance Investment Vehicles) given the current scenario is now followed up by this post, which talks about the analysis measures to be considered by regulators and supervisors. Read more here.
This article provides a critical review of the recent M-CRIL report (above, in the News Report section) while pointing some tricky trade-offs that pose as dangerous challenges for the industry. Read more here.
This report by M-CRIL, an Indian microfinance rating firm gives a broad overview of the existent status of microfinance operations in the country. The overall message seems to be that while the industry is improving, there is room for a lot more progression. Read the report here.
Eight Lessons Learned: Inputs for policy considerations in developing resilience against climate risks for small scale farmers in semi-arid regions, full report
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..