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EIB, Jaida Loans Morocco EUR 10M to Support Microcredit Activity

This is a continuation of the EIB's action carried out for several years in favor of microfinance in Morocco and is part of the bank's response aimed at supporting  micro-entrepreneurs, in the context of the COVID-19 crisis.

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New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance

The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.

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KfW Development Bank Invests EUR 20 Million in the Regional MSME Investment Fund for Sub-Saharan Africa

This investment will help to finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa, that have joined the G20 Compact with Africa program initiated by the German Government.

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BRIBrain Uses AI to Speed Up Loan Approvals, Helps More MSMEs Survive Pandemic

Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.

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Funding for Research on Access to Energy, WASH, and Food Security for MFIs and Suppliers

The project will entail market studies with rural households in Latin America, Southeast Asia, and Africa, to investigate the nexus between energy access, access to WASH, and food security.

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Kenya's Co-op Bank Gets $75M for Lending to MSMEs

The bank’s chief executive Gideon Muriuki said the funds would be used to support businesses to better cope with the disruptions brought about by the COVID-19 pandemic.

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Bill and Melinda Gates Are Now Backing New Digital Payments System in Pakistan to Support Financial Inclusion for Women

The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.

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Introducing a New Fund to Help Women Entrepreneurs During COVID-19

While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.

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Africa’s Mobile Money Industry Keeps Growing Despite COVID-19

Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.

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IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19

The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.