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Latest Microfinance Stories

2014-09-04 08:27:01

CAMBRIDGE, Mass., Sept. 4, 2014 /PRNewswire/ -- Cignifi, which is helping to meet the needs of more than 1 billion people worldwide who have mobile phones but no access to formal financial services, today announced the closing of a Series B funding round. The capital raise was led by existing investor Omidyar Network, a Redwood City, CA-based philanthropic investment firm, established by eBay founder Pierre Omidyar and his wife Pam, with additional investments from American Express...

2014-08-28 23:02:39

In a press conference Monday, August 25th, Yucatan Governor Rolando Zapata Bello says the 17th Microcredit Summit "reflects national and international strategies to democratize credit and reduce poverty." Co-organizers of the Summit, the Microcredit Summit Campaign and PRONAFIM will present the future of global microfinance this September 2 to 5 in Mérida, Yucatán. (PRWEB) August 28, 2014 The Governor of Yucatán, Rolando Zapata Bello, presented the 17th...

2014-08-20 08:31:49

Musoni's mobile approach has proved efficient, reliable and secure CAPE TOWN, South Africa, Aug. 20, 2014 /PRNewswire/ -- Based on its recent analysis of the microfinance industry (MFI), Frost & Sullivan recognises Musoni with the 2014 Kenyan Frost & Sullivan Award for Technology Leadership. The company is the first 100 percent mobile microfinance institution in the world. By using a mobile platform as a channel to deliver its products and services to customers, Musoni has positioned...

2014-08-14 23:09:27

Xoriant showcases their deep expertise in mobility with their Microfinance application, Sylvan for the IBM Watson Mobile Developer Challenge. (PRWEB) August 14, 2014 Xoriant, a product engineering and development company is thrilled to announce a key achievement of getting shortlisted amongst the top 25 finalists in the IBM Watson Mobile Developer Challenge. IBM had invited teams from around the globe to create innovative applications leveraging Watson’s cognitive computing capabilities...

2014-08-14 23:07:26

Through a simple credit card processing option from NPS, Vitalah will make monthly donations to the Whole Planet Foundation to support their microcredit initiatives. Santa Cruz County, California (PRWEB) August 14, 2014 Vitalah, creators of Oxylent, has chosen the Whole Planet Foundation as the beneficiary of its monthly Payments in Kind Community Give Back Program donation. The donations will help support the foundation’s mission to alleviate poverty through microcredit for...

2014-07-30 23:03:05

The Microcredit Summit Campaign and Freedom from Hunger announce the release of a report this week that puts the integration of health and microfinance in the context of India's journey towards universal health care by 2020, documents best practices in integration, and highlights potential interventions that can be adopted by microfinance institutions as well as by non-governmental organizations that serve self-help groups. New Delhi, India (PRWEB) July 30, 2014 On July 29, 2014,...

2014-07-25 04:22:25

DUBAI, UAE, July 25, 2014 /PRNewswire/ -- InfrasoftTech announced that UNRWA's Microfinance Department, has gone live on OMNIEnterprise Microfinance Solution in four territories of its operations. (Logo: http://photos.prnewswire.com/prnh/20130422/610789 ) The Microfinance department at UNRWA wanted a highly scalable Lending Management solution to reengineer business processes, optimize infrastructure costs, improve credit control, reduce multi-currency losses...

2014-07-09 08:35:03

TORONTO, LONDON and MUMBAI, July 9, 2014 /PRNewswire/ -- InfrasoftTech today announced that United Nations Relief and Works Agency (UNRWA)'s Microfinance Department, has gone live on OMNIEnterprise Microfinance Solution in four territories of its operations, automating their entire business processes, credit risk management and financial compliance. (Logo: http://photos.prnewswire.com/prnh/20130422/610789) The Microfinance department at UNRWA wanted a highly...

2014-07-07 12:30:16

Foundation Also Announces Leadership Changes WASHINGTON, July 7, 2014 /PRNewswire-USNewswire/ -- Grameen Foundation today announced the appointment of Nelson Mattos and Eleanor Wagner to its board of directors. It has also made key changes to its leadership team, with Hillary Miller-Wise, Camilla Nestor and Steve Wardle taking on new roles. http://photos.prnewswire.com/prnvar/20130712/DC46632LOGO Nelson Mattos' 30-year career as a technical executive includes serving as Google's...

2014-07-01 12:25:19

WASHINGTON, July 1, 2014 /PRNewswire/ -- The annual CGAP Photo Contest, which aims to highlight stand-out photography from amateurs and professionals around the world depicting financial inclusion, is now open for entries. To view the multimedia assets associated with this release, please visit: http://www.multivu.com/players/English/7065952-cgap-2014-photo-contest-financial-inclusion http://photos.prnewswire.com/prnvar/20140701/123582 Submit your entries to the 2014 CGAP Photo...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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