Microfinance

Dominican Republic: EIB and Ademi provide USD 10m to micro-borrowers

Retrieved on: 
Thursday, December 17, 2020
Economy, Articles, European Union, Economic development, Microfinance, Poverty, Social economy, Sustainability, Sustainable development, European Investment Bank

The EIB loan will help Ademi to strengthen its funding base with long-term resources in local currency, which is currently not available in the local market.

Key Points: 
  • The EIB loan will help Ademi to strengthen its funding base with long-term resources in local currency, which is currently not available in the local market.
  • This new EIB loan will help unlock economic opportunities, create jobs and improve social development in the Dominican Republic.
  • The EIB has been collaborating with Ademi for almost 30 years and has signed 10 loan agreements with the microfinance provider.
  • The EIB has collaborated with Banco Ademi for almost 30 years and has signed 10 loan agreements with this microfinance institution.

Grameen America Launches Impact Investing Fund To Support Minority Women Small Business Owners Impacted By The Pandemic

Retrieved on: 
Wednesday, December 16, 2020
Financial services, Economy, Rural community development, Finance, Grameen America, Grameen Bank, Microfinance, Microcredit, Poverty

SBF II is Grameen America's second social business fund focused on supporting low income entrepreneurial women in the United States with affordable microloans, financial literacy training and credit building opportunities.

Key Points: 
  • SBF II is Grameen America's second social business fund focused on supporting low income entrepreneurial women in the United States with affordable microloans, financial literacy training and credit building opportunities.
  • Loan capital raised will be used to fund microloans to Grameen America borrowers, particularly as they protect or rebuild their economic livelihoods in the midst of the ongoing COVID-19 pandemic.
  • To learn more about the Grameen America SBF II and other opportunities to support low-income women small business owners, contact David Gough at [email protected] .
  • Since opening in January 2008, Grameen America has invested over $1.6 billion in more than 132,000 low-income women entrepreneurs.

39 U.S. Schools and Libraries Chosen to Receive Grants for Amplifying Black Voices

Retrieved on: 
Wednesday, December 9, 2020
Microfinance, Microgrant, Cision, Finance, Economy, Companies

ARLINGTON, Va., Dec. 9, 2020 /PRNewswire-PRWeb/ --Zoobean today announced the recipients for its Beanstack Black Voices Microgrant Program .

Key Points: 
  • ARLINGTON, Va., Dec. 9, 2020 /PRNewswire-PRWeb/ --Zoobean today announced the recipients for its Beanstack Black Voices Microgrant Program .
  • The Beanstack Black Voices Microgrant Program began accepting applications in August 2020, in the wake of social unrest surrounding racial inequities.
  • The Zoobean team made a commitment to driving change and, in determining the best avenue, was inspired by their own client base.
  • "We have seen firsthand how they are searching for ways to promote equity and amplify voices that so often go unheard.

U.S. Alternative Financial Services Market Analysis 2020 with In-depth Company Profiles of 19 Players including EZCorp, First Cash, QC Holdings, Western Union and More

Retrieved on: 
Monday, November 30, 2020
Money, Finance, Economy, Loans, Alternative financial service, Microfinance, Check Into Cash, Payday loan, Pawnbroker, Rent-to-own, ACE Cash Express, Financial services

Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.
  • This updated analysis examines the controversial "alternative financial services" sector - a $36 billion business comprised of fragmented and loosely regulated check cashing and money transfer services, payday loan services, pawn shops and rent-to-own stores.
  • Contains 19 in-depth company profiles (with financials) for:
    Purpose Financial (Advance America), Populus (ACE Cash Express), Check Into Cash, Check 'N Go,
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data.
  • Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Innovative Payment Solutions, Inc. Launches Joint Marketing Venture with Planet Hunny, Inc. to Expand its Reach to the U.S. Latino community

Retrieved on: 
Tuesday, November 24, 2020
Microfinance, Unbanked

The joint marketing venture will leverage Planet Hunnys influencers in order to reach specific Latin-American markets to expand Innovatives access to Hispanic users and also will work toward the cross-pollination of all customers in Innovatives network, introducing them to Planet Hunny.

Key Points: 
  • The joint marketing venture will leverage Planet Hunnys influencers in order to reach specific Latin-American markets to expand Innovatives access to Hispanic users and also will work toward the cross-pollination of all customers in Innovatives network, introducing them to Planet Hunny.
  • Planet Hunnys network and marketing expertise will provide us with additional exposure to Latino communities while approaching vertical markets.
  • We believe it is a perfect tool to reach more users and offer our services to targeted underbanked and unbanked Latin-American users.
  • (http://www.Hunny.io/)
    Innovative Payment Solutions, Inc. (Innovative) strives to offer cutting-edge digital payment solutions for consumers and service providers.

U.S. Alternative Financial Services Market Analysis 2020: A $36 Billion Business - ResearchAndMarkets.com

Retrieved on: 
Monday, November 23, 2020
Retail, Other Retail, Money, Finance, Economy, Loans, Alternative financial service, Microfinance, Check Into Cash, Payday loan, Pawnbroker, Rent-to-own, ACE Cash Express, Money Mart

Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.
  • This updated analysis examines the controversial "alternative financial services" sector - a $36 billion business comprised of fragmented and loosely regulated check cashing and money transfer services, payday loan services, pawn shops and rent-to-own stores.
  • There are about 12,000 check cashing stores, 14,000 payday loan outlets, 800,000 money transfer agents, 11,000 pawn shops and 10,000 rent-to-own stores competing for this business today.
  • Contains 19 in-depth company profiles (with financials) for:
    Purpose Financial (Advance America), Populus (ACE Cash Express), Check Into Cash, Check 'N Go,
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data.

Newegg Deploys Behalf to Provide Flexible Financing for Business Customers

Retrieved on: 
Wednesday, November 11, 2020
Money, Finance, Economy, Behalf, Loans, Microfinance, Working capital management, Services marketing, Financial services, Credit card

NeweggBusiness customers can now easily sign up for a Behalf Account on the NeweggBusiness website .

Key Points: 
  • NeweggBusiness customers can now easily sign up for a Behalf Account on the NeweggBusiness website .
  • If approved, they will be able to finance their NeweggBusiness purchases through Behalf on financing terms that fit their business needs.
  • Behalf uses both traditional and non-traditional data to evaluate customers qualifications, making it more flexible.
  • Their business customers benefit from access to Net Terms and extended financing, providing them with added purchasing power with each approved transaction.

Lufax Holding Ltd Provides Updates Regarding Recent Regulatory Development

Retrieved on: 
Tuesday, November 3, 2020
Professional services, Technology, Legal, Finance, Banking, Internet, Microcredit, Microfinance, Inventions

As previously disclosed, the Company ceased funding loans directly through its microloan subsidiaries on a large scale in December 2017.

Key Points: 
  • As previously disclosed, the Company ceased funding loans directly through its microloan subsidiaries on a large scale in December 2017.
  • In addition, the Company is not engaged in any joint lending or loan facilitation partnerships with funding partners through its microloan subsidiaries.
  • Lufax Holding Ltd is a leading technology-empowered personal financial services platform in China.
  • Further information regarding these and other risks is included in Lufaxs filings with the U.S. Securities and Exchange Commission.

Logiq to Provide Mobile Fintech Services to 48 Million Indonesians and 600,000 Businesses in Exclusive Strategic Alliance with National Cooperative, KMSB

Retrieved on: 
Wednesday, October 28, 2020
Articles, Economy, Gray Television, Tegna Inc., KMSB, Microfinance, Financial technology, Cooperative, Microcredit

Logiq and KMSB have agreed to jointly own and operate a new mobile fintech platform that will deliver mobile financial services.

Key Points: 
  • Logiq and KMSB have agreed to jointly own and operate a new mobile fintech platform that will deliver mobile financial services.
  • Dr. Mohsein Saleh Badegel, chairman of KMSB, commented: As a national cooperative, KMSB provides valuable services to its members that includes loans and insurance.
  • As a national cooperative, we can also provide loans to employees of state-owned enterprises, like PT.
  • Hifdal Rizky, secretary of KMSB, also commented: The demand for microloans and financial services through digital means is a national priority.

CSI Supports ABA’s Financial Inclusion Initiative by Facilitating Bank On-Certified Accounts

Retrieved on: 
Monday, October 26, 2020
Mobile, Wireless, Technology, Finance, Banking, Telecommunications, Professional services, Software, Hardware, Data management, Consumer electronics, Microfinance, Finance, Money, Economy, Financial inclusion, Unbanked, Regulatory technology, Overdraft, Underbanked, CSI

Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions , is joining the American Bankers Association (ABA) in supporting financial inclusion by enabling its bank customers to offer Bank On-certified accounts to consumers.

Key Points: 
  • Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions , is joining the American Bankers Association (ABA) in supporting financial inclusion by enabling its bank customers to offer Bank On-certified accounts to consumers.
  • Bank On-certified accounts provide safe, affordable servicesincluding bill pay, robust transaction capabilities and no overdraft feesto the underbanked and unbanked populations.
  • At CSI, we are dedicated to diversity, equality and inclusion, and we are immensely proud to support the ABAs financial inclusion initiative, said David Culbertson, CSIs president and COO.
  • To learn more about how CSI is empowering banks to offer Bank On-certified accounts, visit: https://www.csiweb.com/bank-on/
    Computer Services, Inc. (CSI) delivers innovative financial technology and regulatory compliance solutions to financial institutions and corporate customers across the nation.