Many small-scale businesspersons in Kenya are moving away from the trend of borrowing money from microfinance institutions because of the high interest rates and strict repayment conditions which make the overall loan maintenance and repayment tough for the people. Interest rates from the typical MFIs are higher than those from […]
Tiered lending is the way to proceed for MFIs which seek to avoid defaults within group lending systems as well as adhere to their original social mission. For this, a thorough and adequate understanding of the clients, their incomes and their needs is required. Read more here.
The poor would rather take a loan at a high interest rate and simultaneously save that amount in a low-interest paying bank account to enforce saving discipline which is otherwise hard to follow as no banks accept daily amounts, and by the time the daily wage earners are ready to […]
The microfinance bill prepared by the Interinstitutional Committee of the Ministry of Finance, and SIB (Superintendency of Guatemalan Banks) was recently opened to comments, suggestions and corrections. Read more here.
According to the Managing Director of Procredit in Ghana, Mrs Sarah Tsien Zetterli, the microfinance market in Ghana is close to saturation and had become overcrowded. She called on the Bank of Ghana to regulate the number of new entries into the market. Read more here. Even the GAMC (Ghana […]
The single most common event that makes the poor lose all their savings (mostly under-the-mattress kind) are health problems. These come unexpectedly and exhaust their limited supplies, sometimes making them sell their capital sources of income. In India, while government schemes to protect the rural poor from this catastrophe do […]
While the economic advancement in the developing countries in Asia in the past few years has been remarkable, the growth has been fragmented within each country. The vulnerable populations have become more so due to sustained economic ignorance, natural calamities and more. It is now not enough to alleviate the […]
Chief Minister of Delhi recently launched a solar powered water purifier plant in east Delhi. The capacity of this plant is that of about 5000 litres of drinking water. Read more here.
An IRIN story focuses on the need for accessible clean water and adequate sanitation for the treatment of HIV positive people. HIV positive people on antiretroviral medicine need at least a litre and a half of clean water. Read more here.
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