Archives for Microfinance
OPINION | ANDREW MOREAU: Another round of virus-aid loans opens to small businesses in state
Many small businesses in Arkansas can again rely on federal aid to fight off the coronavirus pandemic with financial support through the revived Paycheck Protection Program. The Small Business…
CMA says member institutions have restructured $1.38B of loans
The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $ billion. The total number of restructuring requests stood at 303,593…
Saudi Arabia awards license for first consumer micro-loan provider
The Saudi Central Bank has granted a license for the Kingdom’s first consumer micro-financing platform, which will allow users to be granted loans within minutes. Kuwait’s Zain Group launched the…
Egypt’s microfinance records EGP 42.7bn in September
Egypt's microfinance deals reached EGP in the third quarter (Q3) of 2020, according to Mona Zulfikar, Chairperson of the Egyptian Microfinance Federation. The quarterly figures represent a growth of 7%…
Microfinance sector recoveries stall
The microfinance sector of Pakistan is currently undergoing a recovery from the dent endured during the Covid-19 lockdown. The sector, which had posted a steady growth over the past few…
Ethiopia gets $100m W/Bank loan to finance women entrepreneurship
The World Bank on Friday announced a $100 million loan to Ethiopia to finance women entrepreneurship development projects in the east African project aims to increase the earnings and employment…
Microfinance groups secure $15 million debt financing from IFC
The private sector arm of the World Bank Group, the International Finance Corp. (IFC), plans to issue up to P750 million ($15 million) in debt financing to two of the…
Microfinance: savings delight
This space had previously highlighted that the pandemic’s peak quarter (Apr-Jun) had been a mixed bag for the country’s microfinance sector – rising deposits and shrinking borrowing. Now with the…
‘Covid-19 holds opportunity to transform Pakistan into cashless society’
Mudassar Aqil, chief executive officer of Easypaisa/Telenor Microfinance Bank talked about challenges and opportunities in corona norms, digital financial market potential and regulatory Q: How do you see economic slowdown…
Government to provide microfinance to boost housing
Government’s housing arm will focus on providing housing microfinance in 2021 to make housing more accessible for Filipinos, according to its top official. Department of Human Settlements and Urban Development…