Archives for Microfinance
Newark-based SPBD tops $200 million in loans to low-income women entrepreneurs
The Newark-headquartered SPBD Microfinance Network this month surpassed $200 million in “micro loans” disbursed to tens of thousands of women entrepreneurs in the South Pacific. New Jersey native and SPBD…
Interview with Jahanzeb Khan, CEO, FINCA Microfinance Bank Limited
“Digitization can go a long way in helping enhance microfinance outreach” Jahanzeb Khan possesses 23 years of global and local experience in fintech, financial services and banking. He is a…
Microfinance borrowers cross the 8m mark
With the number of active borrowers crossing the eight-million mark for the first time, microcredit outreach in the country grew percent on a quarterly basis in April-June. According to the…
kamyab-pakistan-programme
The trillion Kamyab Pakistan Programme (KPP), promising interest-free loans for seven million families, is the most ambitious micro-credit program ever planned in Pakistan. It has three components: Kamyab Jawan, Naya…
Egypt channels $2.4bn finance into 36 projects for education, research development
Egypt's Ministry of International Cooperation has secured development finance worth $, through multilateral and bilateral cooperation, to launch 36 education and scientific research development projects across 74 locations nationwide. The…
MSMEs and finance as a binding constraintMSMEs and finance as a binding constraint
Small, medium and microenterprise sector (MSMEs) is of immense importance especially for emerging markets like Pakistan, contributing more than 50% to the GDP of the country and employing around 72%…
Agriculture credit target missed by banks in FY21
KARACHI: Although the banking industry missed the agriculture credit target for FY21, it disbursed 12 per cent more loans year-on-year despite challenges posed by the Covid-19 pandemic and climate change.…
Pandemic and microfinance institutions
Microfinance was strongly tested at the start of the Covid-19 pandemic. Microfinance institutions, running a high-touch business and serving lower income clients severely impacted by the pandemic, were projected to…
CDC provides Absa with a $50m microfinance risk-sharing facility for MSMEs in Africa
It boosts systemic liquidity in a highly credit-constrained environment and offers financial support to MSMEs and households in hard-to-reach markets, the institution said. “This MFI and NBFI risk-sharing facility is…
World Bank Approves $500 Million Program to Strengthen Performance of Micro, Small, and Medium Enterprises in India
he World Bank’s Board of Executive Directors today approved a $500 million program to support the Government of India’s nationwide initiative to revitalize the MSME sector, which has been heavily…