IFC Invests $150 Million in TBC Bank to Boost SME and Climate Financing in Georgia
IFC's financing is expected to help TBC Bank further grow its SME and climate finance portfolios. In addition, the project will help strengthen Georgia's climate finance market by promoting best practices in sustainable lending.
Jeff App Secures $2M to Propel Financial Inclusion in Emerging Markets
The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target.
Suzuki Launches $40M Fund in India to Support Social Entrepreneurs
The fund will support and invest in social entrepreneurs working in the fields of agriculture, financial inclusion, supply chain and mobility, with the aim of solving social issues in India through business.
Axis Bank and Piramal Finance Join Forces for Co-Lending Business in India
Axis Bank and Piramal Finance's recent partnership aims to boost financial inclusion for underserved borrowers, facilitate easier access to credit for MSMEs to foster business growth.
India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates
The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power.
India and Ghana Accelerate Unified Payment Interface Integration for Seamless Cross-Border Payments
By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability.
Oikocredit Co-Leads a $39 Million Investment in Altum Credo to Promote Affordable Housing Finance
Oikocredit, alongside Z3 Partners and with the participation of British International Investment, has led a $39 million equity investment in Altum Credo to bolster affordable housing finance in India.
Microfinance Provider Sindhuja Microcredit Raises $14.5 Million From GAWA Capital, Oikocredit
The capital will be used in funding expansion to new geographies and existing ones along with new product lines.
Four Rural Fintechs Fostering Financial Inclusion in India
In India, rural fintech emerges as a compelling solution, leveraging technology to extend financial inclusion to the country’s vast rural population.
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.