Banque Populaire Launches Microfinance Program for Moroccan Women
The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.
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.
Sri Lanka: ComBank Receives $ 50m Equity from IFC
This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.
India: Microfinance Collections Pick up in July, Shows Industry Data
Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.
Nigeria: CBN Unveils Palliative Measures to Cushion Impact of Coronavirus on Economy
The measures include a moratorium of one year on all principal repayments as well as interest rate reduction on all applicable CBN intervention facilities from nine to five percent per annum for one year effective 1 March, 2020.