Microfinance
The MasterCard Foundation Announces $4.3 Million Partnership with The Smart Campaign to Strengthen Client Protection in Microfinance
The MasterCard Foundation Announces $4.3 Million Partnership with The Smart Campaign to Strengthen Client Protection in Microfinance (via PR Newswire) Collaboration will help build a healthier, more client-focused microfinance industry Download image WASHINGTON, Feb. 28, 2013 /PRNewswire/ – The MasterCard Foundation today announced a $4.3 million partnership with the Smart Campaign to strengthen client protection worldwide. The [...]
Microloan recipients decline for first time
Microloan recipients decline for first time: study (via AFP) The number of the world’s poor people who benefited from small loans has declined for the first time as purported abuses in India cast a shadow over the “microfinance” industry, a study said Tuesday. The report called for microlenders to find ways to be more effective, [...]
International Funding for Microfinance Continues to Grow, Reaches at Least US$25 billion in 2011 (via PR Newswire)
International Funding for Microfinance Continues to Grow, Reaches at Least US$25 billion in 2011 (via PR Newswire) WASHINGTON, Dec. 5, 2012 /PRNewswire-USNewswire/ – International funding for microfinance reached at least $25 billion in 2011, CGAP’s Cross-Border Funder Survey shows. The total amount committed has increased over the past five years, though at a slower rate in [...]
White Label Platforms enable colleges, start-up competitons and community development projects
New crowdfunding and peer-to-peer lending platforms that are looking to enter the market are turning to white label solutions. White Label platforms are also an option for community organizations, universities and non-profits that can utilize the crowdfunding space, but may not have the capital or long term need to create their own platforms. Social lending [...]
Small Business Owners Embracing Microlending Across The US
Microlending is growing in the U.S. as large banks turn away small business owners. Here is the press release: September 8, 2012 — Microlending is well-established in developing countries like Bangladesh and Mexico. It also is growing in the U.S., the world’s largest economy and home to the globe’s most sophisticated financial system. Generally, many [...]
More Small Businesses Exploring Borrowing From Individual Investors
Microlending and peer to peer lending are expanding as more business owners explore these lending options. Here is the press release: August 31, 2012 — As the UK economy is falling deeper into recession and the euro crisis continues to threaten financial markets, many businesses are losing confidence in banks. The increasing rate and price [...]
Kiva.org and Visa Partner on U.S. Small Business Loans
Visa inc. (NYSE:V) and Kiva.org have partnered in a program, referred to as Kiva City, aiming at expanding credit opportunities for small businesses in the United States. The new initiative was announced by former President Bill Clinton last week on stage at the Clinton Global Initiative America conference in Chicago. The Kiva City initiative aims [...]
ACCION International Launches Microfinance Institution in Northern Brazil
ACCION International recently announced that it would be launching a new microfinance institution (MFI), ACCION Microfinanças, in Amazonas, Brazil. The new MFI will provide financial education and working capital loans to residents of the state. ACCION Microfinanças also plans on implementing a number of innovative microfinance tools in the state, including credit scoring, cash-flow assessment [...]
Kiva Now Offering Green Energy Loans to Entrepreneurs in Developing Countries
Kiva, a non-profit organization that sets up peer-to-peer microfinance loans, is now offering “green loans” to help borrowers adopt cleaner and safer forms of energy, implement green agriculture techniques and adopt environmentally friendly forms of transportation and recycling. Borrowers are seeking green loans on Kiva for very diverse reasons. International farmers are seeking loans to [...]
Kiva Reaches $200 Million in Microfinance Loans
Kiva.org, a non-profit which facilitates microfinance loans to entrepreneurs in developing countries, announced that it had setup more than $200 million in loans to entrepreneurs across the globe. The milestone comes just twelve months after the non-profit hit the $100 million mark in facilitated loans. The microfinance non-profit has seen significant growth since its launch [...]
Kiva Launches Lending to U.S. Borrowers
Microlending darling Kiva has announced today that they will start allowing lenders to fund loans to Americans. Although Kiva has facilitated over $75 million in loans to entrepreneurs (Kiva calls them “the working poor”) in developing nations since 2005, this is the first time that American residents have been able to take advantage of the [...]
MicroPlace Advertising 6% Returns Heavily
It’s hard to read TechCrunch anymore without seeing MicroPlace ads claiming you can earn up to 6% on your money. The microlending outfit backed by eBay launched 18 months ago as the first online microfinance platform that provided a return to investors, and has gradually brought on higher and higher-yielding partners over time. Initial returns were in [...]
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed 
Did u actually get the funds, is this a payday loan?