Tagged: microfinance

August 3, 2024 @ 4:48 pm By Tony Zerucha  |  

The Agri-Business Capital Fund this week announced an investment of €1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia. Access to finance remains a significant challenge in many parts of the world, particularly in rural… Read More

November 29, 2022 @ 8:41 pm By Omar Faridi  |  

A microfinance company, A Credit, launched by Aventus Group in the Republic of Kazakhstan in February 2022, joins the PeerBerry platform. A Credit will “offer PeerBerry investors investments in short-term loans with an 11.5% annual return.” A Credit loans offered to PeerBerry investors “include a… Read More

September 19, 2022 @ 2:23 pm By Omar Faridi  |  

Financiera Contigo (CEGE Capital), one of the largest Mexican microfinance loan providers, is now offering a cashback for investors on Mintos – “for a limited time only.” For Notes with a remaining term of 2 months 0 days or more, you can earn a cashback… Read More

January 5, 2022 @ 3:15 am By Omar Faridi  |  

AS Mintos Marketplace (Mintos) has shared an update from Lime Zaim, a cooperation partner of Mintos that provides investment opportunities via Mintos.com. On 22 December 2021, Lime Zaim reportedly placed its debut bonds on the Moscow Exchange (MOEX) in the “amount of 300 million rubles.”… Read More

October 28, 2021 @ 10:47 pm By Tony Zerucha  |  

AlphaFin, a Fintech company that helps customers transition to blockchain-based financial systems, today announced the successful onboarding of a blockchain-powered microfinance institution in concert with Dhosa Chandaneswar Bratyajan Samit headquartered in Kolkata, India. “The significance of this achievement is that for the very first time,… Read More

September 28, 2021 @ 10:42 pm By Tony Zerucha  |  

Yieldly.Finance, a DeFi platform built atop the Algorand blockchain, today launched four new partnerships and liquidity pools with ASA-based assets: Smile Coin Network (SMILE), the Asia Reserve Currency Coin (ARCC) from the International Blockchain Monetary Reserve, Opulous (OPUL) and Xfinite (XET). The launch of these… Read More

September 12, 2021 @ 3:20 pm By Omar Faridi  |  

BlueOrchard Finance, a Switzerland-based impact investment manager, and the Asian Development Bank (ADB) have entered a $50 million risk-sharing agreement for microfinance coverage in ADB’s developing member countries (DMCs). The firm is reportedly the first impact investment manager to work closely with the ADB’s microfinance… Read More

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