Microcredit Helps Ukrainian Refugees Start Businesses in Georgia
Since launching in 2022, the program for Ukrainians, which includes business mentoring services in addition to micro-finance, has helped over 30 Ukrainian entrepreneurs to support themselves and other refugees.
TerraPay Joins Forces With Diamond Trust Bank Uganda, to Simplify Global Money Transfers in Uganda
This partnership is poised to significantly narrow the financial inclusion gap, streamlining the processes of money transfer, savings, and credit accessibility for individuals.
Georgia Boosts Financial Inclusion, Transparency With EU, World Bank
The reforms are expected to benefit both individuals and companies through increased access to financial products such as credit and digital payments, as well as improved consumer protection supervision.
Opportunity International Awarded $2 Million Grant From Visa Foundation to Remove Barriers and Unlock Capital to Women-Led Business
The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.
Quest Digital Finance Connects the Unbanked to Formal Credit Systems
Quest Digital Finance, a Ugandan tech company, is placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.
Ending 2021 Strong: Tugende Closes $17M in Additional Debt Investment
The new investments include a $5M local currency facility for Uganda from Nordic Microfinance Initiative (NMI), $6M from existing lender Symbiotics, and $1M from crowdfunding platform Lendahand, all to support growth in Uganda.
Opportunity International and Oikocredit Announce $100 Million Impact Investment Agreement to Advance the Education Sector in Low-income Countries
Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.
Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M
The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country.
FINCA Expands Microfinance Fintech in Uganda, Azerbaijan, Kyrgyzstan
FINCA Impact Finance, a US-based network of financial institutions, recently carried out several campaigns catering to low-income people through its affiliates in Africa and Asia.
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.