To help the government of Bangladesh achieve its financial inclusion goals, Bangladesh Bank, the Central Bank of Bangladesh will be leveraging agent banking as a strategic tool for attaining sustainable growth. Read more here.
Midland Savings & Loans Company Limited, a prominent name in Ghana’s microfinance sector will soon be adding to its operational number of branches by increasing its ATM numbers by 300 and POS (point of sale) devices by 5000, all across the country. Read more here.
IFC (International Finance Corporation), a member of the World Bank group will be providing a loan of US$50 million to Fullerton Credit in China to expand its microfinance lending for small and medium enterprises in China’s underdeveloped central and eastern provinces. Read more here.
Indian Bank is planning to open as many as 1525 ultra-small branches across rural India. According to T. M. Bhasin, this is a part of the efforts of the bank trying to increase its presence in rural parts of India. Read more here.
70 per cent of Sierra Leone lives below the poverty line, many of them pushed there due to the decade long civil war that persisted. MIX Market enlists about 33,000 borrowers in the country, out of a total population of about 5 million, and the country’s total loan portfolio stands […]
SISDO microfinance, a microfinance company operational in Kenya is offering an inexpensive medical insurance package which covers a family of up to 5, giving them access to a comprehensive health cover. SISDO traditionally focuses on smallholder farmers and their irrigation needs, but in this venture is offering microinsurance at Sh […]
This post illustrates how the rationale for group borrowing, using exorbitant interest rates is outdated. According to a Centre for Financial Inclusion report, in a survey in Ghana, 18 per cent of borrowers reduced their food intake and 5 per cent pulled their kids out of school to be able […]
According to a study conducted by NCAER Centre for Macro Consumer Research, ‘credit restraints’ lead to multiple borrowing from both formal and informal sectors, and this ends up becoming the primary driver for rural indebtedness. About 11 per cent of the borrowers had multiple loans, of which 21 per cent […]
In a report issued by the Northern Kordofan State, microfinance has spread to almost all localities of the state, and official figures indicate that it has benefited the lives of as many as 87,444 farmers, 62,679 men and 41,787 women involved in other vocations. Read more here.
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