Maisha Microfinance Bank in conjunction with Airtel Kenya and Blue Sky Consultants will next week launch a new mobile money solution.Below are the event details: Date: Tuesday 26 September 2017 Time: 9am to 11am Venue: Intercontinental Hotel, Mara BallroomMaisha Microfinance Bank aims transform enterprises and communities through provision of financial products and services.Among its services is M-Fanisi, a mobile based bank account that is available to Airtel Money r
Telenor Microfinance Bank also known as Tameer Microfinance Bank has won the ‘Best Microfinance Bank’ and “Best Bank for the Unbanked” awards at the 2nd Pakistan Banking Awards 2017. The award is for its outstanding initiatives for promotion of financial inclusion across the country. The Bank has won both the awards for the second consecutive time.
MICROFINANCING has contributed immensely to small and medium-scale businesses in both rural and urban areas in the country.This is by empowering the economically active people and bringing about growth and development of individuals through soft and accessible loans. It is the hope of the common people for self sustenance and development.Should the hope of the common people be dashed, then what happens?
The Central Bank of Nigeria (CBN) has extended the deadline for enrolement of Bank Verification Number (BVN) to December 31, 2017.According to a letter sent to OFIs, signed by Mrs Tokunbo Martins, CBN’s Director of OFIs, obtained from the bank’s website on Friday, appeals by CBN’s Financial Inclusion Secretariat, National Association of Microfinance Banks (NAMB), members of the Mortgage Bankers’ Association of Nigeria (MBAN) and other stakeholders in the industry led to the extension.The apex bank revealed the initial deadline expired on July 31, but several OFIs were in br
The Central Bank of Nigeria says from January 1, customers of microfinance banks and other financial institutions (OFIs) without the bank verification number (BVN) will be unable to make withdrawals from their accounts.In a statement on Friday, the apex bank announced an extension in the deadline for the verification, which was initially set for July 31.“As you are aware, the deadline expired on July 31, 2017, and consequently several OFIs are in breach of this regulatory directive,” the statement read.According to the statement signed by Tokunbo Martins, director, other fi
The SAM (Semaine Africaine de la Microfinance) is a biennial conference dedicated to expanding financial inclusion in Africa, and is a platform for reflections and discussions between microfinance stakeholders, including the IMF, investors, banks, networks, researchers, innovators, governments and non-profits.The programme includes a two-day conference as well as trainings on topics such as 'Risk assessment and investment strategies to deliver financial services to agricultural SMEs', Agricultural value chain development and finance' and 'Microfinance for decentralised renewables in Africa'
Over the years, the RBI has repeatedly urged our banks to step up credit flow to the Micro, Small & Medium Enterprise (MSME) sector. Time and again, the central government has launched several schemes to address this concern. But the result has turned out to be hardly satisfactory. According to latest figures available, the rate of growth of outstanding credit to MSMEs expanded by all scheduled commercial banks declined from 28.51 percent in 2012-13 to 19.66 percent in 2013-14, then to 12.62 percent in 2014-15 and further to 3.83 per cent in 2015-16.
Accion Microfinance Bank has been listed as a Company to inspire the Africa Continent in the inaugural edition of London Stock Exchange Group’s Companies to Inspire Africa 2017 report. Accion MfB is listed as one of 343 companies from various sectors of the economy identified by the London Stock Exchange as companies to inspire Africa…This content is for Standard & Premium Digital Subscribers only.