Banco de Comércio e Indústria (BCI), an Angolan bank majority-owned by the Angolan government, recently launched a microcredit program that is expected to benefit 50,000 people across the country by 2012, the bank’s chairman, Adriano Silva, said. Continue Reading »

India’s Microfinance Institutions Network (MFIN), a self-regulatory organization of 31 of India’s largest microfinance companies, recently said its members will provide borrowers’ names, addresses and loan details to a credit bureau they have created, Alpha Micro Finance Consultants P Ltd (Alpha), in an effort to prevent client overindebtedness and maximize repayment. Continue Reading »