All News and Announcements

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News

BankIslami and TPL Life Come Together to Bring Comprehensive COVID Coverage for Their Customers

The plan is a result of a partnership between two of the country's foremost institutions that are offering Islamic finance and takaful solutions for the benefits of masses across the country.

News

IFC, JC Flowers Launch Platform to Help Indian Financial Institutions Resolve Distressed Assets

Under the project, an expansion of IFC's Distressed Asset Recovery Program's work in India, IFC will invest up to $100 million in the J.C. Flowers India Opportunities Fund if certain conditions are met, with an initial commitment of $40 million.

News

Microfinance Sector Undergoes Reforms Despite Present Cash Crunch

The new reforms plan and package of proposals with special focus on poor rural women will be presented to the Parliamentary Select Committee on Gender Equality within a month.

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WEE-DiFine Initiative: Request for Proposals for Small Grants up to $50,000

Based at the BRAC Institute of Governance and Development in Bangladesh, the Initiative supports rigorous research projects exploring this theme in South Asia and Sub-Saharan Africa.

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Grassroot Strategy to Realize Financial Inclusion in Indonesia

Indonesian technology company Grab, one of the biggest names looking to make a mark in the segment, is engaged in expanding financial inclusion by adopting a grassroots strategy.

News

Symbiotics Becomes a Certified B Corporation® Rated Among the Highest in Switzerland

The results of the very comprehensive B Impact Assessment provide an important benchmark for the company and a path to further improve certain areas and take specific actions in the years to come.

News

IFC, Banco Daycoval Support Smaller Businesses, Including Those Owned by Women, in Brazil

The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.

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VisionFund Reports Resilience in Refugee Finance in the Face of COVID-19

In 2020, savings groups in refugee contexts have had the lowest late repayment rate compared to any of the other clients served by VisionFund Uganda.

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State-Specific Lockdowns to Hit Microfinance Institutions

The senior director and deputy chief ratings officer at Crisil said the sector's collection efficiency has stalled at 90 to 94 percent over the past few months, compared with the pre-pandemic level of 98 to 99 percent.

News

Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund

Capital from the Kiva Refugee Investment Fund will be invested in partnership with microfinance partners across the Middle East, Africa, and Latin America.