Deutsche Securities Mauritius has picked up a 9.15 per cent stake in SKS Microfinance for an estimated INR 780 billion. Deutsche Bank arm has picked up 9.5 million shares through institutional placement basis. Read more here. SKS, which recently got a boost worth INR 2.3 billion (read here) is also […]
To boost its revenue and alleviate poverty in the community, Ultimate Microfinance Bank, has introduced a product in Ipaja area of Lagos State. Under the programme, traders are given a fixed amount of money at a reasonable interest rate for a minimum of 90 days. Read more here.
In a bid to reduce the operating costs of issuing small loans, which ultimately get transferred to the clients who are small-scale commercial borrowers, DBJ (Development Bank of Jamaica) is piloting a mobile money product that was given the green light by the Bank of Jamaica mid-year. Read more here.
US-based Accion recently made an equity investment of US$ 1.9 million in CrediConfia, a microfinance institution providing financial services to microentrepreneurs and low-income households in rural and semi-urban areas of east-central Mexico, thereby obtaining a 9 per cent stake in CrediConfia, a seat on the MFI’s board of directors and […]
Accion, a global leader and pioneer in microfinance recently announced the launch of Avanza, a new service that will manage microfinance portfolios on behalf of banks and MFIs. Using proprietary business processes and technology, Avanza seeks to increase the efficiency of the microlending process by 30-40 per cent and, through better […]
‘The Smart Campaign,’ an initiative of the global microfinance industry housed at the Centre for Financial Inclusion at Accion, is partnering with the Micro Finance Institutions Network (MFIN) and Sa-Dhan, India’s two national industry associations for microfinance institutions. The Smart Campaign is a global coalition of microfinance institutions, networks, associations, and other […]
Not a lot of us know about the essential history of Paraguayan microfinance and this post offers us an interactive way to rectify that. This quiz based post talks about the Financiera el Comercio, one of the newest partner institutions hosting Accion Ambassadors this summer. Read more here.
For poor people, small loans can change lives. This is the theme that helps Kiva with its inspiration. Kiva is a microfinance institution that lets the poor tell their stories online and get loans, while anyone with US$25 dollars can start to become a donor. Read more here. Kiva has […]
This post has an informative 6 minute video which focuses onpilot programmes to extend micro-insurance schemes for some of Kenya’s smallest and poorest farmers in a country. Read more and watch the video 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..