Khushhali Microfinance Bank Limited Donates PKR 1 Million to PM’S COVID Relief Fund
Khushhali Microfinance Bank has contributed PKR 1 million (about $6,067.04) to the Fund to support the government in the fight against COVID-19.
Pakistan: FINCA Staff Donates PKR 2M to PM’s COVID-19 Relief Fund
The donation was a part of a local initiative in which FINCA employees contributed a day’s worth of salary towards COVID-19 relief in appreciation of the country’s need in this time of crisis.
Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness
The loan will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in the country.
Major Step Forward to Improve Access to Finance in Pakistan Amid COVID-19
Pakistan’s micro, small and medium sized enterprises and individual consumers are set to benefit from the creation of an electronic registry that allows for the country’s financial institutions to use moveable assets as collateral for loans.
Symbiotics Launches $10,5M Social Bond With La Hipotecaria Colombia
The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.
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.
Super Apps Rising: Mobile Drives Digital Payments Uptick in Pakistan
The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.
QR Codes Turn Colombia's Cash-Centric Consumers Digital
A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.
Mi Siembra Segura: Parametric Insurance to Protect Vulnerable Rural Communities in Colombia, With UNDP
The UNDP's RRF2 program aims to support rural organizations made up of a vulnerable populations.
Pakistan: UBL Partners With U Microfinance Bank Limited to Promote Financial Inclusion
A memorandum of understanding was signed to promote financial inclusion and to open up multiple avenues for collaboration, including medium to long-term debt funding, Retail TFC, Islamic microfinance funding, and more.