Tag archives for microfinance loan
Govt ready to provide all-out support to microfinance banking sector: Tarin
Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin on Thursday said that the government is ready to provide all-out support and cooperation to the microfinance banking sector…
Empowering the poor
In an attempt to provide financing opportunities through banks to the low-income segments of society, the government has launched an ambitious trillion Kamyab Pakistan Program. Its parameters say it will…
Dallas microfinance charity has now helped 45,000 refugees in Africa find financial stability
A passion for helping people led a North Texas couple on a 15-year quest to guide refugees in creating a way to change the trajectory of their lives. When Missy…
Islamic Microfinance Market Stunning CAGR +19% by 2028| Dubai Islamic Bank, National Commercial Bank Saudi Arabia, Bank Mellat Iran, Bank Melli Iran, Kuwait Finance House, Bank Saderat Iran, Malayan Bank Berhad (Maybank) Malaysia, Bank Maskan Iran
Islamic Microfinance Market is anticipated to reach a CAGR +19% by the term phase of 2021-2028. Islamic microcredit system encourages productive projects which help to increase the income of the…
Blockchain Promise for Microfinance
Blockchain technology has proved its disruptive potential beyond cryptocurrencies and is finding its applications across industries. Multiple-use cases are available in the financial sector which leverage Blockchain and smart contracts.…
CDC provides Absa with a $50m microfinance risk-sharing facility for MSMEs in Africa
It boosts systemic liquidity in a highly credit-constrained environment and offers financial support to MSMEs and households in hard-to-reach markets, the institution said. “This MFI and NBFI risk-sharing facility is…
World Bank Approves $500 Million Program to Strengthen Performance of Micro, Small, and Medium Enterprises in India
he World Bank’s Board of Executive Directors today approved a $500 million program to support the Government of India’s nationwide initiative to revitalize the MSME sector, which has been heavily…
Microfinance balances in Egypt increase to LE 20.9B in Q1 of 2021
Microfinance balances increased to LE billion during the first quarter of 2021, compared to LE billion during the same quarter in 2020, marking a growth rate of percent, according to…
More Nigerians To Benefit From COVID-19 Loan
Chairman, Nigeria Association of Small and Medium Enterprises, Abuja, Abiodun Ihebuzor says the initiative is laudable, adding that each of the banks in Nigeria will give 5 percent of its…
Djibouti’s Salaam African Bank acquires Kenyan microfinance
Djibouti’s Salaam African Bank (SAB) is making inroads into the East African banking market after acquiring Kenya’s Uwezo Microfinance Bank (Uwezo MFB) at an undisclosed fee. The Central Bank of Kenya (CBK)…