Archives for Microfinance
Microfinance Development Company to Launch Liquidity Management Platform
The Microfinance Industry in Nigeria is set to experience a major breakthrough in its operations, as the Microfinance Development Company Ltd (MDCL), plans to launch its Intermember Liquidity Placement Platform…
Islamic microfinance a key tool for financial inclusion, poverty alleviation – Prof Binta
It is no longer sufficient for only banking institutions to provide financing for micro, small and medium enterprises (MSME) and ultra-micro businesses. Collaborations between various financial institutions must be expanded…
MICROCAPITAL BRIEF: ADB Raises $20m Through Bond Issue in Kazakhstan to Support Otbasy Bank Housing Loans to Women, Mainly in Rural Areas
The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently raised KZT billion (USD 20 million) through bond sales to institutional investors in Kazakhstan to finance loans by the Housing…
LMDF backs Yehu Microfinance
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI). Yehu Microfinance is an incorporated, social impact microfinance…
Dubai Islamic Bank donates AED1 mn to Al Jalila Foundation
Al Jalila Foundation announced that it has received a donation of AED1 million from Dubai Islamic Bank (DIB) to support its A’awen programme which helps patients in need. Al Jalila…
NBC asks banks, MFIs to delay dividend payouts
The National Bank of Cambodia (NBC) called for all banks and microfinance institutions (MFI) to postpone dividend payouts to shareholders for 2020 in a move to safeguard the growth, stability…
Bank Negara allocates additional RM2b to SME relief fund
Bank Negara Malaysia (BNM) has announced an additional allocation of RM2 billion for the Targeted Relief and Recovery Facility (TRRF), as well as the establishment of a RM200 million Disaster Relief Facility…
Agricultural economy
Over the last six months, Pakistan has imported $ worth of cotton and some food items. This import bill is quite hefty for an agrarian-based economy. Pakistan’s agriculture sector accounts…
Govt. to set up microfinance corporation for MSMEs
The government plans to set up a microfinance corporation to exclusively take care of the requirements of micro, small, and medium enterprises (MSMEs) in the State and to expand the…
SBP Loan Extension, Restructuring scheme: FIs defer, restructure Rs 883bn loans
Out of million applications received, banks, DFIs and MFBs have approved million applications ( percent) up to January 22, 2020. Since the launch of the scheme, the individual borrowers, especially…