Egypt-based Kashat, a microloan services platform, has acquired $1.75 million in capital as part of a bridge round, according to a report from Magnitt. Kashat’s investment round has been led by VC fund Launch Africa Ventures, and also included contributions from regional investors, the report… Read More
Following China’s decision to restrict micro-loans, Alibaba’s Ant Financial has reportedly halted its consume loan lending. According to Bloomberg, the company has not sold any asset-backed securities since early December, which was around the time that Chinese officials announced they were requiring micro-lenders to consolidate… Read More
Since it’s founding in June 2010 to fundamentally change the way people fund and impact communities in need, Milaap has facilitated more than 8,000 loans impacting close to 50,000 of India’s working poor, empowered them to break out of the vicious cycle of poverty. On… Read More
California Association for Micro Enterprise Opportunity (CAMEO), and Kiva have announced a collaboration that brings crowdfunded microloans to more small businesses in California. “Businesses aren’t creating enough jobs and government employment’s been cut back,” said Claudia Viek, CEO of CAMEO. “Do it yourself. Create your own job,… Read More
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