Mastercard plans to take Juvo’s platform to financial institutions across Latin America and the Caribbean. The companies said the service could potentially help open up banking services to millions of customers.
The partnership will track and analyze the performance of hundreds of microfinance institutions across the world over the next six months, in an ongoing effort to shed light on how the COVID-19 pandemic is impacting the microfinance sector.
“Past Imperfect; Future Tense”: Online European Microfinance Week 2020 Begins, for a Financial Inclusion Sector with Much to Discuss
EMW brings together all branches of the industry, including e-MFP’s own members, to discuss trends, innovations, challenges and opportunities in inclusive finance in developing countries.
With an investment of $5 million, the SANAD ESF II contributed to the $36 million first close of the Badia Impact Fund Squared, which targets early-stage, innovative SMEs in need of equity funding to scale up operations.
The EUR 27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.
Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance
The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”
On November 16, IDB Lab will bring together experts on the state of financial inclusion in a scenario strongly marked by the disruptions caused by the health emergency.