All News and Announcements
IFC and National Bank of Samoa Partner to Expand Financial Inclusion
The National Bank of Samoa (nbs) is developing a suite of new banking products that would benefit women entrepreneurs and improve remittances in Samoa with the support of IFC and the New Zealand Government.
Samoa’s First Parametric Microinsurance Product Launched to Cushion Impact of Climate Change
The product which was developed by the Pacific Insurance and Climate Adaptation Programme, will be piloted in Samoa over the next 12 months.
IFC and National Bank of Samoa to Boost SME Finance to Support Entrepreneurs and Create Jobs
International Finance Corporation will invest up to $4 million equivalent in Samoan Tala to boost access to finance for small and medium enterprises particularly women-led businesses and SMEs focused on agriculture.
Samoa’s New Digital Payment System to Boost Financial Inclusion and Support Economic Activity
The new national digital payment platform, the Samoa Automated Transfer System (SATS), is expected to increase access to the financial system for all Samoans.
Women Entrepreneurs With Microfinance Loans Face Lots of Challenges, With or Without a Pandemic
Microfinance-supported entrepreneurs have exhibited the same resourcefulness that has characterized many other small businesses during the pandemic. At the same time, they face a variety of ongoing challenges.
Grameen Credit Agricole Foundation Lends $3.7M to Assilassimé Solidarite of Togo, Agora Microfinance Zambia
The foundation has announced its disbursal of local-currency loans to Togo-based Assilassimé Solidarite in an amount approximately equivalent to $2.5 million and Agora Microfinance Zambia in an amount approximately equivalent to $1.2 million.
COVID-19: FNFI Backs Nine Microfinance Institutions
The National Fund for Inclusive Finance is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis.