The business correspondent model offers a unique possibility for mainstream low-income financial services. But recent experience has shown that there are huge risks as well, which is why it must be regulated carefully
A pioneer in microfinances and youth financial literacy in Paraguay, Burt developed one of the world’s first financially self-sufficient agricultural schools for the rural poor – creating a radical new model for education.
Omidyar Network announced today the opening of a global office in the Shoreditch area of London. The office will serve as the philanthropic investment firm's headquarters for its work in Europe, as well as serve as the global hub for its Government Transparency initiative.
Delinquency rates in Bosnia (as elsewhere) have risen in tandem with the global economic slowdown. As in other overheated markets, such as Nicaragua, Morocco, and Pakistan, Bosnia’s credit bubble is not the fault of any single culprit.
Bangalore-based micro lender Ujjivan is set to receive 1.01 billion rupees ($21 million) in loans from the Small Industries Development Bank of India (SIDBI) and other state-run and private sector banks, it said in a statement Tuesday.
Mexican microfinance leaders and industry observers are becoming alarmed that the country’s microfinance market may be over-heating, and they are especially concerned about future client indebtedness and political risks.