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IFC, Banco Daycoval Support Smaller Businesses, Including Those Owned by Women, in Brazil

The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.

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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.

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State-Specific Lockdowns to Hit Microfinance Institutions

The senior director and deputy chief ratings officer at Crisil said the sector's collection efficiency has stalled at 90 to 94 percent over the past few months, compared with the pre-pandemic level of 98 to 99 percent.

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Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic

The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.

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COVID-19 Fuels 41 Percent Spike In Global Real-Time Payments

COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.

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Mastercard (MA), MFC Tie up to Help Microfinance Companies

This latest move by Mastercard will help 90 plus MFIs and 300,000 small businesses across Europe and Central Asia sail through the COVID-led financial turmoil.

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SEEP Selects Innovation Fund Recipients to Support Gender-Intentional COVID-19 Response Efforts

The awards support innovative COVID-19 response and recovery efforts related to savings groups, in the areas of women’s livelihoods, voice and leadership, violence against women, digital savings groups and more.

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CBN Adds $120M to COVID-19 Pandemic Relief Fund for Loans to MSMEs, Households in Nigeria

The government previously allocated NGN 2.3 trillion (USD 6 billion) to pandemic relief efforts, including microfinance and other programs.

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WB Approves $200M to Help Poor Urban Youths, Migrant Returnees

The Recovery and Advancement of Informal Sector Employment project will help about 175,000 poor urban youths and low-income microentrepreneurs enhance employability and productivity.

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YCASH Door to Door Payment Method as a Response for COVID-19 and Humanitarian Context in Yemen

The National Cash Transfer Company piloted the Door to Door Payment method as a response to the new challenging context and a preventive measure for coronavirus-related risks.