How AMIR Has Fostered Consumer Protection Practices Amidst COVID-19
In effort to safeguard employees and clients, the Association of Microfinance Institutions in Rwanda (AMIR) instituted various measures to raise awareness about the virus and control its spread in the industry.
Rwanda Waives Charges on Digital Payments
The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.
Bangladesh: Govt Cash Gift for Corona-Affected Family Disbursed Through Rupali Bank SureCash
The government is providing direct cash assistance to 5 million Corona-affected families.
Bangladesh: COVID-19 and the Coming Microinsurance Revolution
COVID-19 has brought to the forefront the potential for microinsurance in the Bangladesh market, where over 30 percent live below the national poverty line and insurance penetration is extremely low.
World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances
The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.
IFAD to Support Rebuilding Bangladesh's Microenterprises
The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.
COVID-19 Recovery Funds Benefit to 3,000 Businesses in Rwanda
The Executive Director of Association of Microfinance Institutions said that a total amount ranging between RWF 4 billion ($4M) and RWF 5 billion ($5M) has been channeled through microfinance institutions to help small businesses recover from COVID-19 effects.
Bangladesh: IFC, BFIU to Build Infrastructure to Fast-Track Financial Inclusion
The International Finance Corporation and Bangladesh Financial Intelligence Unit will work together to develop an electronic know your customer (eKYC) infrastructure to fast-track financial inclusion.
UNCDF and Its Partners Launch E-learning Modules to Help Fill the Digital and Financial Literacy Gap for Small and Micro Businesses in Bangladesh
Over 50 percent of small and micro-businesses in a recent UNCDF and Visa study had poor understanding of how digital and financial services could help their businesses, and financial literacy gaps were even more pronounced for women entrepreneurs.
Bangladesh: Government Moves to Cut Microcredit Service Charge
An 11-member committee, headed by Grameen Bank Chairman Prof Dr A K M Saiful Majid, has been formed to look into the cost of the MFI's services and to determine if there is any scope to reduce the charges.