Tag archives for microfinance loan
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…
Interest-free funding regulation may boost Turkey’s home sales
Turkish Parliament approved a regulation this week governing the interest-free funding market for housing, clearing the way for a possible boom in a system that has already drawn around 300,000…
HBL and Akhuwat ink strategic MoU to provide affordable housing to masses
HBL’s Islamic banking arm and Akhuwat have signed a Memorandum of Understanding (MoU) to roll out a programme that will provide Shariah-compliant housing finance facilities to applicants identified by Akhuwat.…
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…
How NASFAT Partnership With Halal Invest Will Grow Non-Interest Finance in Nigeria
It is now an emerging trend that investors are finding ethical businesses and activities as key areas for consideration in investments. Nigeria has been noted to be a prospective hub…
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…