Tag archives for microfinance
Adoption Of Micro-Takaful Will Support Nigeria’s SIPs – Raheem Musa
Adoption of "Micro-Takaful" in Nigeria will help to support the current efforts of the Federal Government in expanding the Social Intervention Programs (SIPs) for the poor and indigent in the country said Mr.…
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…
How the UN’s refugee agency is aiming to tap into Islamic social finance
With coronavirus worsening an already dire situation for the 80 million displaced people across the world, and with winter already in play, the United Nations High Commissioner for Refugees (UNHCR)…
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…
Islamic Development Bank pledges $60m in aid to Pakistan for polio vaccine
The Islamic Development Bank will provide financing of US$60 million for polio vaccine. This includes US$ 21 million LLF Grant by the Bank. Economic Affairs Division, on behalf of the…
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…
China extends loan help for coronavirus-hit small businesses in bid to maintain economic recovery
Small businesses will be allowed to further postpone their principal and interest repayments on inclusive loans past the previous deadline of the end of MarchChina’s State Council also extended the…