Archives for Microfinance - Page 12
No interest or repayments for six months on Microfinance Ireland’s Covid-19 loans
There will be an option for a six-month moratorium on interest and repayments under the new Microfinance Ireland Covid-19 loan scheme, Minister for Business Heather Humphreys has announced. The Minister urged micro enterprises, which…
Indian micro-lending start-up SmartCoin raises $7 million Series A
an app-based consumer lending start-up, has raised over $7 million in Series A funding from LGT Lightstone Aspada and existing investors Unicorn India Ventures and Accion Venture Lab. The FinTech…
APNA Microfinance Bank-PayPak ink accord to provide debit cards
APNA Microfinance Bank and PayPak have inked a deal after which the later will provide debit cards to the account holders of the bank enabling them to use ATMs for…
Azerbaijan Microfinance Association talks restructuring members’ loan portfolio
The Azerbaijan Microfinance Association includes 45 active non-bank credit organizations, Chairman of the board of the association Jalal Aliyev told Trend on March 5. "To date, 14 non-bank credit organizations…
Maximum borrowing limit on microfinance loans increased in Pakistan
The maximum borrowing limit on low-interest loans, introduced in an effort to relieve the burden on individuals adversely affected by microfinance loans, has been increased from Rs. 40,000 to Rs.…
Microfinance credit facility program for debt-ridden in Northern and North Central Provinces
Cabinet gave approval on Thursday to continue the implementation of a microfinance credit facility program for the debt-burdened people of the Northern and North Central Provinces, by increasing the maximum…
Microfinance banks decry losses after loan
The Chairman of the National Association of Microfinance Banks (NAMB), Kwara State Chapter, Alhaji Ahmad Baba-Suleiman, decried the huge amount owed by civil servants in microfinance banks across Kwara state.…
Cameroon: Livestock, Fisheries Production – Credit Facility to Enhance Production in NW FacebookTwitterWhatsAppFlipboardLinkedInRedditEmailShare
Government, Islamic Bank scheme targets delivery of loans worth about FCFA 750 million to create job opportunities, increase productivity of active poor in livestock and fisheries sectors. The North West…
China to introduce strong financial measures to help smaller firms tide over difficulties
China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized…
Microfinance records 47% growth in 2019
Chairwoman of the Egyptian Union for Microfinance Mona Zou al-Faqar told press on Tuesday that the number of microfinance recipients grew by percent to record million in 2019 and that…