Tagged: microfinance

June 29, 2021 @ 7:00 am By Tony Zerucha  |  

Close to two out of three banking executives believe branch banking will be dead by 2026, a new report published this week by Temenos suggests. Produced by the Economist Intelligence Unit, Branching out: can banks move from city centres to digital ecosystems? Includes a survey of 305… Read More

May 17, 2021 @ 7:38 am By Omar Faridi  |  

Yusef Jacobs, the 28-year-old Founder and Chief Executive at Graviti, aims to transform microfinance by allowing consumers to gain access to essential appliances. Jacobs believes that people who might not have a lot of funds will still pay for items they really need. Jacobs has… Read More

March 28, 2021 @ 8:27 pm By Omar Faridi  |  

The Yogi Adityanath government in Uttar Pradesh (India) has revealed that the area has set a new record in the number of digital transactions performed. Lucknow, The Yogi Adityanath government in Uttar Pradesh reports that banks are now playing a key role in promoting digital… Read More

July 29, 2020 @ 10:13 pm By Omar Faridi  |  

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has reportedly secured INR 72.5 Crore (appr. $9.7 million) in capital from Switzerland’s impact investor, BlueOrchard Finance Ltd. This marks the second time that BlueOrchard has provided funding to SATYA since its launch in 2017…. Read More

May 28, 2020 @ 11:20 pm By Omar Faridi  |  

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Company, Inc. This is reportedly one of the first investments in the nation’s microfinance sector after the COVID-19 outbreak, and government-enforced… Read More

January 3, 2017 @ 7:46 am By Jessica Pham  |  

The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.  The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services.  The project will… Read More

February 28, 2016 @ 8:58 pm By Erin Hobey  |  

At age 22, recent George Washington University grad Julia Kurnia co-founded the world’s first microfinance organization built entirely from crowdfunding capital sourced over the internet, using funds raised from Kiva.org in Senegal, West Africa. She spent the next four years managing U.S. government grants to small businesses in… Read More

February 16, 2016 @ 6:37 am By Erin Hobey  |  

Kwanji, the emerging market payment specialist, has closed its first crowdfunding round, exceeding its initial target and finishing 123 per cent overfunded having raised £496,682 on the UK equity crowdfunding platform,  SyndicateRoom. “Kwanji is a fantastic UK-based fintech business, which helps SMEs save significant amounts of money… Read More

December 11, 2015 @ 8:11 am By JD Alois  |  

Microfinance platform Kiva announced the launch of Kiva NYC this week to provide access to capital to small business owners in New York City.  Every dollar lent to a small business owner in NYC will be matched up to $1.1 million provided by the MetLife Foundation, Deutsche… Read More

May 19, 2015 @ 12:12 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced the appointment of  Harold Rosen to the company’s Advisory Board, bringing his more than 30 years of experience in the microfinance industry, including driving social impact investing at the World Bank. In addition, the company is expanding… Read More

February 27, 2015 @ 11:01 am By Erin Hobey  |  

Mambu, a cloud banking technology platform provider that works with more than 100 financial innovators worldwide, including Banco Macro, Opportunity International  and Yale University, uniquely sits at the nexus of the transformation and financial inclusion markets, where new applications and the cloud’s agility offers a particularly compelling value proposition for… Read More

December 30, 2014 @ 7:30 am By Erin Hobey  |  

Cloud Lending, the industry’s end-to-end lending solution built on Salesforce.com, recently added CL Marketplace, a unified cloud platform that simplifies and automates the entire loan process in marketplace lending, to its suite of cloud-based industry applications that enable non-bank financial institutions to manage loan portfolios, increase transaction volume and rapidly bring new… Read More

December 8, 2014 @ 11:47 am By Erin Hobey  |  

Mambu, a cloud banking technology platform provider that works with more than 100 financial innovators worldwide, including Banco Macro, Opportunity International,  Mentors International, and Yale University, uniquely sits at the nexus of the transformation and financial inclusion markets, where new applications and the cloud’s agility… Read More

June 30, 2014 @ 8:45 am By Samantha Hurst  |  

As the world continues to watch events of trauma, hope, conflict, innovation and resilience unfold throughout the Middle East, Kiva and Grameen-Jameel Microfinance Ltd. have partnered to launch “Change is in Your Hands.” The campaign gives visitors to Kiva/MiddleEast the chance to open the borders of opportunity for entrepreneurs… Read More

April 22, 2014 @ 8:18 am By JD Alois  |  

Crowdfunding on Kiva provides an innovative way to protect our shared environment and engage in the expansion of renewable and sustainable energy sources worldwide.  Visitors to kiva.org/green may browse profiles and stories of borrowers and choose one they want to support with a loan of… Read More

December 13, 2013 @ 8:46 am By JD Alois  |  

Kiva Labs to Generate $25 Million in Crowdfunded Loans for Clean Energy, Mobile Technology, and Agriculture Google has awarded Kiva a Global Impact Award.  Google gives these awards to entrepreneurs who think on a global scale and have healthy disregard for the impossible. Kiva, a… Read More

September 25, 2013 @ 7:58 pm By JD Alois  |  

Kiva, the microfinance crowdfunding platform for social good, has announced a partnership with San Diego based EarlyIQ’s due diligence  platform to evaluate loan applications on the Kiva Zip platform.   As the small business credit crunch has continued unabated in recent years, Kiva Zip will help… Read More

February 25, 2013 @ 10:20 am By JD Alois  |  

Capital One Financial Corporation today announced that it will expand its partnership with Kiva, a global microlending organization, by providing $500,000 to match loans made to U.S. small businesses on Kiva’s crowdfunding platform, helping entrepreneurs across the country with additional funding to start, sustain and grow their… Read More

January 5, 2013 @ 3:49 am By HuffingtonPost  |  

Venture is a rich and readable collection of true microfinance stories. It is written for anyone who would like to better understand the realities faced by the the aspiring middle class in the world’s least developed countries, the range of factors that affect their prospects… Read More