Moeda, a cooperative funded by Brazil-based Cresol, Green Cross Brazil and Unicafes, recently announced the launch
The Philippine’s Cantilan Bank recently received grant funds of USD 150,000 from the Manila-based Asian Development Bank to migrate its operations to Instafin, a cloud-based software product from Croatia-based Oradian. The migration is expected to help Cantilan carry out its “day-to-day operations more effectively and serve their clients more efficiently.” Cantilan Executive Vice President Tanya Hotchkiss said, “This has given Cantilan more capacity to focus on our core business and financial inclusion
Fundación Paraguaya, a Paraguay-based non-governmental organization, recently introduced a credit product intended to facilitate “the purchase of environmentally friendly technology,” particularly induction stoves, which run on electricity rather than gas or charcoal. In a pilot program, 383 women who purchased induction stoves
Humaniq, a London-based technology company, recently announced the launch of its “blockchain-powered financial inclusion app,” which allows users to send and receive money. Humaniq has
Acleda Bank, a commercial bank in Cambodia, recently launched a digital wallet app called Acleda Unity ToanChet
CGAP (the Consultative Group to Assist the Poor), a US-based, nonprofit research center that aims to facilitate the expansion of financial access, and Pula, a Kenya-based, agricultural insurance intermediary that serves small-scale farmers by leveraging satellite technology, recently announced that they are partnering to deliver “satellite-based agricultural insurance” to farmers in Nigeria.
The Zimbabwe Association of Microfinance Institutions (ZAMFI), a 100-member advocacy group, recently announced its members’ aggregate portfolio-at-risk (PAR) ratio rose from 8.3 percent in December 2016 to 12 percent in March 2017, citing both “corporates and individuals fail[ing] to honour their debt obligations due to the liquidity crisis.”
The Institute for Sustainable Investing, a unit of US-based financial services firm Morgan Stanley, in collaboration with The Economist Intelligence Unit, a UK-based advisory affiliated with The Economist magazine, recently released the 2017 Inclusive Growth Opportunities Index, a report on investment opportunities intended to increase access to education, healthcare and finance as well as “gender inclusion.”
CGAP (the Consultative Group to Assist the Poor), a US-based, nonprofit policy and research center that aims to facilitate the expansion of financial access, is seeking submissions of original photographs for its annual competition, which aims to highlight the positive effects of microfinance.
Kiva, a US-based, nonprofit crowdfunding platform for microfinance institutions (MFIs), recently launched its World Refugee Fund to raise money online from individuals for on-lending to institutions serving cross-border refugees and people who have been internally displaced.
Event Name: Social Finance Forum 2017
Event Date: November 9 – November 10, 2017
Event Location: MaRS Discovery District, Toronto, Ontario, Canada
Cost: CAD 350 (USD 278) until August 15; CAD 600 (USD 477) thereafter.
Summary of Event: This event will cover topics including new financial technologies, closing the funding gap for female entrepreneurs, the evolution of development aid and exit strategies for impact investments. The agenda includes workshops, presentations, product showcase booths and sessions for entrepreneurs to pitch their ideas to funders.
D.light, a US-based provider of solar energy products, recently partnered with Musoni Kenya, a provider of mobile financial services, to finance solar electric systems for low-income Kenyans who live in communities with no electricity service.
The United Nations’ World Food Programme (WFP) is helping Syrian refugees in Jordan’s Azraq camp buy food from supermarkets inside the camp utilizing blockchain technology from Switzerland’s Ethereum Foundation.
Event Name: Mondato Summit Asia 2017 – Of Titans & Trailblazers: Emerging Asia’s Digital Finance & Commerce Moment
Event Date: November 28 – November 29, 2017
Event Location: Yangon, Myanmar
Cost: Entry passes cost USD 1,500 until August 31 and USD 1,750 thereafter.
Summary of Event: Attendees will consider ways “incumbents and innovators alike can navigate the highly complex digital finance and commerce (DFC) ecosystem” in South and Southeast Asia. The proceedings will include case studies, debates, demonstrations and roundtable discussions.
The government of the Solomon Islands recently announced it will attempt to shift to using “electronic payment channels for [80 percent of its] payments and receipts” by 2020.
The government of Cambodia recently announced it has commenced the first phase of a project intended to aid 15,000 small-scale farming families in growing their operations by “building infrastructure to help farmers, and offering special microfinance deals.”
Ghana-based AgroCenta recently won USD 20,000 in the Fincluders Startup Challenge, which was created to support new companies seeking to increase financial inclusion.
South African technology firm AxMe International Services recently expanded its SureBüddy insurance application to Uganda, allowing users in that country to view advertisements in return for no-cost insurance for their mobile phone screens.