Microfinance News

Nigeria: Financial Inclusion - CBN Sets Fresh Targets for Banks

12.01.2018

 | Source: Vanguard; All Africa

Central Bank of Nigeria, CBN, has set state-by-state targets for the 21 commercial banks and 942 micro finance banks in the country to ensure that every Nigerian adult has access to financial services.

Kenya: CBA Plans M-Shwari Loan Rate Cut to Fend Off Rivals

07.12.2017

 | Source: Daily Nation; All Africa

Safaricom and Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend market share now under attack from resurgent mobile loan firms.

Rwandans Turn to Microlenders As Banks Tighten Rules

27.11.2017

 | Source: The EastAfrican; All Africa

The number of borrowers from Rwandan commercial banks has dropped, as customers migrate to microfinance institutions to avoid the former's stringent credit conditions.

Rwanda: KCB Bank Unveils Mobile Micro-Credit Facility

03.11.2017

 | Source: The New Times; All Africa

It will now be easy for KCB Bank Rwanda customers to access small loans to cater for emergencies or restock thanks to the bank's new mobile credit facility.

Nigeria: Interswitch Partners Banks On New Lending Platform

10.10.2017

 | Source: This Day; All Africa

Interswitch has intensified plans to boost financial inclusion drive through provision of non-collaterised micro and nano-loans to individuals and SMEs across various channels. The new innovation is design to accommodate multi-channel low-level retail lending without collateral.

Kenya: Digital Financial Products Re-Define Service Delivery

05.10.2017

 | Source: Daily Nation; All Africa

Collaboration between microfinance banks and telcos in rolling out products and services that boost financing of micro small and medium Enterprises (MSMEs) is imminent, financial sector players say.

Zimbabwe: Women's Empowerment Bank Ready to Roll

18.09.2017

 | Source: The Herald; All Africa

The setting up of Women Empowerment Bank is at an advanced stage with the bank's chief executive officer already appointed to kick start the financial institution's operations before year-end.

Ethiopia: Agro-Pastoral Community to Benefit From Livestock Insurance

31.08.2017

 | Source: Namibia Economist; All Africa

Nyala Insurance Company in collaboration with Omo Micro Finance and donors has launched indemnity based livestock insurance service in Southern Omo Zone.

Angola: Cuanza Norte - Peasants Benefit From Agricultural Loan

18.07.2017

 | Source: Angola Press; All Africa

At least 203 peasants of the Belo Horizonte Peasants Association in Canaúlo village, northern Cuanza Norte province, benefited on Saturday from agricultural loan and tools given by Sol Bank, as part of its project for local agricultural support.

Ethiopia: Company Reaching Out to Farmers, Pastoralists for Weather Insurance Services

12.07.2017

 | Source: The Ethiopian Herald; All Africa

With concerted efforts of the government and other stakeholders, Nyala Insurance Company is providing weather insurance services to small scale farmers and pastorals in various states, said Micro Insurance Business General Manager Solomon Zegeye.

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