Microfinance Industry Most Vulnerable to Lockdown and Moratorium
As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity
Microfinance Industry Groups Seek PM Modi’s Help to Secure Repayment Moratoriums on Term Loans
Both Sa-dhan, India's largest microfinance industry body with 212 members, and Microfinance Institutions Network (MFIN), the industry grouping for NBFC-MFIs, have separately urged the prime minister to take action.
Sesacash Multi-Currency Wallet Partners With P2P Trading Platform Cryptolocally to Power Crypto Payments to Africa
Decentralized peer-to-peer crypto trading platform CryptoLocally and blockchain-powered on-demand digital finance and payment platform, Sesacash, will be working together to address the many challenges confronting African nations in the financial sector.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?
RBI May Announce Separate Credit Line to Rescue MFIs
MFIs, like other financial institutions, are in a fix over whether they can avail of the moratorium benefit on term-loan repayments given to all borrowers
Coronavirus Impact: MFIs Feel There Will Be Pent-Up Demand for Loans After Lockdown Ends
MFIs are hopeful of bouncing back as the stakeholders feel there will be pent-up demand for loans after the lockdown restrictions are lifted.
IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products
IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.
FINCA International Launches Emergency Response Fund for COVID-19
FINCA International mobilized to address the needs of the most vulnerable in the countries where it works, launching the FINCA Emergency Response Fund.
Group of Non-Bank Lenders to Issue Pooled Debt Instruments
This will help firms below investment grade access the liquidity tap since such joint effort would typically enhance their credit rating.