News Archive - Page 81 of 366 - Re-emerging World

Recent Developments, <br /> Key Innovations, and <br /> Insightful Reports

Recent Developments,
Key Innovations, and
Insightful Reports

Your One Stop Platform for Regular Sector Updates

Sector news

India: Banks may write off US$1.12 billion debt to microfinance institutions

A number of MFIs unable to recover loans from Indian state Andhra Pradesh, might soon have their debt written off by their banks. The banks had previously restructured loans, but it now seems that recovering the money will be unlikely. Read more here.

September 23, 2013

MasterCard in plans to up financial inclusion by 350 million people

MasterCard has 9 projects underway that will directly serve the developing countries, impacting as many as 350 million people. An example of this is the SASSA scheme in South Africa, which uses biometric technologies to identify grant recipients. Read more here.

September 23, 2013

Kiva.org and Dosomething.org develop mobile apps for teens

Kiva and Dosomething.org have kickstarted a new campaign “25,000 Women”, to help the women entrepreneurs in developing countries overcome their poverty. Towards this end, the partnership has launched a new mobile game aimed at teenagers. People aged 13 to 25 are targeted, who are “cash poor but rich in time […]

September 23, 2013

New research encourages program implementers to be selective about who they contact

According to a new research by Arun Chandrasekhar and Matthew Jackson of Stanford and Abhijit Banerjee and Esther Duflo of MIT, penetration rates of microfinance programs in Indian villages range from 7% to 44% depending on who in the village was initially told about the program. Thus, a program’s success […]

September 23, 2013

Pakistan: Savings with microfinance providers increases by 19%

According to a new report released by the Pakistan Microfinance Network, savings with microfinance providers in the country has seen a rise of 19%. This signifies an increase both in the number of people initiating their own savings accounts, as well as increase in the amounts of savings made. Read […]

September 23, 2013

Does microfinance always fight poverty?

Not always, apparently, according to this post. However, it is still a powerful tool to help fight poverty. A number of evaluations are not able to arrive at one constant outcome of microfinance. However, to ensure it works, Green Shoots Foundation is combining its loans with education and medical aid […]

September 23, 2013

Infographic: 23 million mobile money subscribers in Kenya

GSMA recently released an infographic about the mobile money subscriber growth in Kenya, a benchmark for financial inclusion in this African country. See the infographic here.

September 23, 2013

Q&A: Making mobile money free

Nnamdi Oranye, head of business development at Indian Atlantic Telecoms, whose clients include MTN, Econet and Nashua Mobile, talks about how his company believes it is viable to make mobile money free for users. Read more here.

September 23, 2013

Financial inclusion in India: An update

Financial inclusion growth in India is increasing, but at a pace which is too slow. A number of initiatives are taking off only now, with Vodafone and Airtel launching their own mobile money options, popular with the masses, especially for remittances. The new Indian venture of Aadhar card complements this […]