All News and Announcements

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News

Innovation Fund for COVID Response and Recovery Through Savings Groups

The SEEP Network is excited to announce a challenge fund to support innovations in gender-intentional COVID response and recovery efforts related to Savings Groups.

News

IFC, Aavas Financiers to Help Catalyze Affordable Green Housing Finance for Low-Income Borrowers in India

An endeavor to address a critical gap in affordable green housing in India will benefit scores of low-income borrowers, including women.

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AFD Loans $356M to IFAD to Assist Rural Farmers

AFD loans $356M to IFAD to assist rural farmers in developing sustainable agriculture, accessing microfinance, fighting hunger, responding to climate change, enduring COVID-19 pandemic.

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Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic

Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.

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Philippines Global Financial Inclusion Ranking Slips Further

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.

News

Remittances Provide Temporary Cushion to Nepal’s Troubled Economy

At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.

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SANAD Provides First Tier II Capital in Egypt to Banque du Caire

Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.

News

Symbiotics Launches First Sustainability Bond With ARMECONOMBANK OJSC in Armenia

Symbiotics, the leading market access platform for impact investing, has arranged its first Sustainability Bond, that is also the first such bond in Armenia, by raising about $10,700,000 in local currency for ARMECONOMBANK OJSC.

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Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions

The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.

News

AFC Strengthens Its Presence in Ghana With Three New Projects in the Financial Sector

AFC started implementing three new projects in fall this year that aim to promote financial sector soundness and access to financial services by individuals.