To increase access to finance for small businesses and women entrepreneurs in Uzbekistan, IFC has signed an agreement with Hamkorbank, the country’s third largest private lender, to provide a loan of up to $50 million.

At an event marking the International Day of Family Remittances, IFAD highlighted the importance of maximizing the impact of money sent by Senegalese working abroad for the well-being of rural families.

This program will offer an immersive experience to explore how microfinance empowers entrepreneurs and strengthens local economies.

Atome plans to continue its mission in the Philippines to improve access to risk-managed, responsible and sustainable credit products for Filipino consumers.

The BBVA Microfinance Foundation’s (BBVAMF) 2024 Impact Report shows that vulnerable entrepreneurs supported by its microfinance institutions employed more than 158,000 people in Colombia, Peru, the Dominican Republic, Chile and Panama in the same year.

At UNOC3’s only Ocean Action Panel with a strict focus on mobilizing finance, speakers stressed the urgency for additional investment in the sustainable development of the ocean.

The operation will support the company’s ongoing working capital needs, enabling it to provide pre-harvest financing to more than 50,000 farmers across the country.

To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility with FirstRand Bank Limited that will cover half of the credit risk for a portfolio of up to ZAR1.8 billion ($99 million equivalent) of loans to these businesses in South Africa.

This comprehensive framework aims to enable all individuals and companies in Iraq to access and use suitable, secure financial services while ensuring their rights are protected.

SmartSwitch Botswana is blazing a trail for financial inclusion with a financial technology (fintech) solution that puts dignity and financial services into food voucher beneficiaries’ hands.