Tag archives for microfinance
NIRSAL MFB Launches New Loan Products For MSMEs
Nirsal Microfinance Bank Limited (NIRSAL MFB) has announced the launching of new credit facilities for micro, small and medium enterprises (MSMEs). The bank said the new launch is part of…
Microfinance banks’ loan to the Nigerian private sector hits N1.12 trillion in June 2022
Loans by Microfinance banks surged to trillion as of the end of June 2022, representing a increase compared to billion recorded as of the end of 2021. This means that…
SECP grants license to SAFCO microfinance company (pvt) limited
Securities & Exchange Commission of Pakistan (SECP) has issued Microfinance License to a newly established “Non-Banking Microfinance Company” namely SAFCO Microfinance Company (Private) Limited (“SMC”). As per the details, SMC…
State of microfinance
Pakistan’s microfinance sector is not immune to macroeconomic crises, natural disasters, or law & order breakdowns. So how has this important sector been dealing with the economic fallout of turbo-charged,…
IMF offers Jordan additional funding of $183mln
The International Monetary Fund (IMF) on Thursday announced that the Executive Board completed the 2022 Article IV Consultation for Jordan and the Fourth Review under the Extended Fund Facility (EFF).…
European financing fund for Africa launched with first closing of $24.1m
A new European Solidarity Financing Fund for Africa, FEFISOL II, has been launched with a first closing of $ million and a technical support envelope of $ million, according to…
DFC, DFC, African Union’s AUDA-NEPAD Partner to Expand Access to Finance for MSMEs in Tanzania, Zambia, Malawi, Nigeria
The US Agency for International Development (AID) and the US International Development Finance Corporation (DFC) recently joined the African Union Development Agency (AUDA-NEPAD), which was founded as the New Partnership…
Muslim Women urged to strive for high leadership positions
Hajia Azara Abukari-Haroun, the Chief Executive Officer Zakat and Sadaqa Trust Fund of Ghana, has urged Muslim women to work hard and strive to attain the attributes of great Islamic…
TAJBank, Islamic Corporation To Fund Capital Projects In Nigeria
AJBank Limited, a non-interest bank, has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development…
Microfinance effective tool for an inclusive financial system: SBP Deputy Governor
“The State Bank of Pakistan recognizes microfinance as an effective tool for an inclusive financial system as it gives access to those socio-economic segments, especially enterprises, who are otherwise neglected.…