Mobilink Bank is actively promoting climate finance in Pakistan, enabling individual borrowers and SMEs to access financing for solar energy products.

The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target. 

The fund will support and invest in social entrepreneurs working in the fields of agriculture, financial inclusion, supply chain and mobility, with the aim of solving social issues in India through business.

Axis Bank and Piramal Finance's recent partnership aims to boost financial inclusion for underserved borrowers, facilitate easier access to credit for MSMEs to foster business growth.

The partnership also focuses on designing and supporting cottage, micro, small, and medium enterprises.

The green lending program will increase financing to small-scale green projects across Africa, South and Southeast Asia through MSME lenders, with a particular focus on India.

Leveraging innovative satellite and actuarial technologies, IBISA designs and operates parametric insurance products that promote financial resilience in regions where communities are the most vulnerable to the impacts of extreme weather events.

This concern is not new; the microfinance sector has been grappling with severe challenges for a couple of years. 

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability.