Archives for Microfinance
Will microfinance survive coronavirus crisis? A lot depends on how funds flow to borrowers
As we near May 31, all eyes are on how wheels of the economy start to turn. One of the sectors hit hard by coronavirus lockdown has been the micro-loan…
Telenor Microfinance Bank committed towards serving Pakistan
elenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa have been empowering the lives of Pakistani citizens and leading the digital revolution by providing…
State Bank allows banks to suspend dividends for capital buffer
The State Bank of Pakistan (SBP) on Wednesday allowed banks to suspend quarterly dividends to conserve capital and enhance their lending and loss absorption capacity. SBP advised banks, development finance…
Small businesses in Pakistan seek loans at zero interest
The business community has requested the State Bank of Pakistan (SBP) to cover wage expenses of small businesses under its wage relief programme at zero interest rate because cottage industries are…
Banks start offering loan moratorium to NBFC-MFIs
Some private sector and foreign banks have begun offering the loan moratorium to their microfinance institution (MFI) borrowers, even as confusion prevails over whether the regulator’s circular permits extension of…
ADB to lend $800 million to Pakistan for COVID-19 response
The Asian Development Bank (ADB) has agreed to lend $800 million to Pakistan to help the country combat challenges posed by the novel coronavirus, The News learnt on Monday, after…
SBP expands scope of relief package
The State Bank of Pakistan has expanded the scope of its recently-announced relief package for businesses and households to other sectors including agriculture, women enterprises and small and medium enterprises…
State Bank allows one-year moratorium on refinancing schemes’ loans in Pakistan
The central bank on Friday allowed borrowers, who took loans under concessional refinance schemes, to delay repayment of principal amounts for up to one year, extending its relief package amid…
MICROCAPITAL BRIEF: Microfinance Providers Report Wide Range of COVID-19 Effects via Grameen Crédit Agricole Foundation Survey
the Grameen Crédit Agricole Foundation, whose head office is in Luxembourg, collected observations from 56 microfinance institutions (MFIs) regarding the effects of COVID-19. Markets are closed, putting traders out of…
Public Mutual declares RM186m in distributions for 10 funds
KUALA LUMPUR (March 31): Public Mutual, a wholly-owned subsidiary of Public Bank, has declared distributions amounting to more than RM186 million for three unit trust funds and seven private retirement…