Keyword "microfinance" - List of latest news (24 results)

23:00 The Russians first borrowed more money in the MFI than on credit cards

In March, the volume of issued microloans exceeded the amount of the limit on new credit cards, follows from the data “Scoring Bureau”. MFIs were less sensitive to hard measures of the Central Bank than banks, and borrowers stopped being afraid of expensive loans

05/03 LeTV Microfinance and Baosheng Microfinance have been suspended from online loan business qualifications. The reasons behind this are the secrets!

LeTV Microfinance and Baosheng Microfinance have been suspended from online loan business qualifications. The reasons behind this are the secrets!

15/01 The Duma approved the draft “cooling period” for consumer loans

The bill provides for the introduction of a “cooling period” of four to 48 hours, depending on the amount, before issuing a loan, so that the client can evaluate his actions and refuse funds if he acted under the influence

24/12 Lee Jae-myeong "Promotes a system that allows one 'seizure-free bankbook' per person"

[Seoul = Newspim] Reporter Hong Seok-hee = Lee Jae-myeong, leader of the Democratic Party of Korea, proposed a 'seizure-free bankbook system' on the 24th, saying, "We are preparing a system that will allow one non-seizure bank account per person up to a certain limit." Representative Lee made this announcement at the ‘on-site meeting to alleviate the financial burden of the vulnerable’ held at the

27/11 The Central Bank announced the deadlines for introducing the “one loan per person” norm in microfinance organizations

The “one loan per person” rule for clients of microfinance organizations will begin to work in 2027, the Central Bank reported. The regulator also wants to abandon the term “payday loan”

26/11 Bailiffs began a large-scale inspection of collectors

Collectors, banks and microfinance organizations are faced with a wave of unscheduled inspections in debt collection processes, RBC learned. They are on behalf of Grigorenko. The FSSP checks how collectors contact debtors and who they hire

25/11 After the Roadmap, OJK Prepares Derivative Regulations for Microfinance Institutions

OJK revealed that it will make OJK Regulations (POJK) regarding Microfinance Institutions (LKM) after releasing a roadmap for developing and strengthening MFIs.

14/10 The Central Bank will introduce a “one loan rule” for microfinance organizations

Russians will be able to receive only one loan from an MFO, and apply for a new one no earlier than three days after repaying the previous one. The Central Bank calls the goal of the changes to reduce the debt burden of Russians

19/09 SBS intervened in Financiera Credinka: what will happen to its clients' money?

Financiera Credinka showed an accelerated deterioration in its financial solvency, according to the SBS. Now, it will be subjected to a transfer process so that another entity takes its assets and liabilities.

10/06 Under threat of jail, microfinance pioneer vows to keep lending to poorest Bangladeshis

Muhammad Yunus tells the Guardian charges against him are politically motivated, and expresses concern about personal attacks from politicians

07/06 Top 20 Stocks Today- Investors and traders can make strong earnings in intraday by trading in these 20 stocks.

Top 20 Stocks Today- Crude appeared in recovery mode. One day the price of crude oil rose by 2%. The price of Brent crossed $80. The price of WTI reached near $76. Prices have been supported by falling rates in Europe. 69% expect rates to drop in the US in September. Due to this, action may be seen in OMCs, paint, cement and aviation stocks. The market will keep an eye on the action of these share

27/05 Microfinance organizations will add a new commission

The Mir card operator will introduce a new commission for repaying microloans; they will be separated into a separate type of transaction. Previously, such payments were equated to transferring money - the commission was lower and there were greater risks

14/05 The Central Bank is moving to adopt “microfinance performance indicators” as part of its supervisory tools

The Governor of the Central Bank of Jordan, Dr. Adel Al-Sharkas, revealed the bank’s intention to adopt “social performance indicators for the microfinance sector.”

13/05 Analysts predicted that there will be less than 1 thousand MFOs left in Russia

By the end of 2024, less than 1 thousand microfinance organizations will continue to operate on the Russian market, Expert RA believes. Some large MFOs are waiting for this reduction and are looking to buy the assets of departing players

05/05 Belstar Microfinance will bring IPO of Rs 1300 crore, plans to raise Rs 1300 crore

Belstar Microfinance IPO: Belstar Microfinance, the microfinance arm of Muthoot Finance, is going to launch its IPO. The company has filed draft paper for this with market regulator SEBI. The company intends to raise Rs 1300 crore through the issue. According to the Draft Red Herring Prospectus (DRHP), fresh shares worth Rs 1,000 crore will be issued under this IPO of the Chennai-based entity. Apa

02/05 Microfinance companies reject bill that eliminates interbank commissions

The Association of Microfinance Institutions (Asomif) joined the MEF's observations and maintained that the bill that prohibits the charging of commissions for interbank transfers would be unconstitutional.

26/04 Municipal savings banks: Arequipa will launch the first credit card for direct consumption

The average rate at Caja Arequipa is 18%, so new consumer loans will reach 19-20%, much less than the 80% that the financial system manages today, led by banks.

19/04 Issues of microloans to over-leveraged Russians have fallen sharply

14% of microloans are now received by the most heavily leveraged MFO clients, the Central Bank reported. In 2023, this share has decreased threefold. The Bank of Russia attributes this to success in regulation and the fact that “the market agreed to the rules of the game”

14/04 At last G20 is showing how to finance an assault on poverty | Larry Elliott

Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action

06/04 Russia introduced fines for spam calls up to ₽1 million

For unsolicited advertising, companies will be fined up to 1 million rubles; individuals face a fine of up to 20 thousand rubles. The authors of the initiative indicated that consent to receive a weather forecast does not mean consent to advertising

12/03 Roskomnadzor recorded a leak of customer data from microfinance organizations

Roskomnadzor is aware of the leak of client data from one Russian microfinance organization, and is also checking information about another company. Earlier, the Ministry of Digital Development of Kazakhstan reported that it was checking information about clients of the Russian “Zaymer” and “A Dengi”

19/12 Lessons in Leadership

Leon Menezes reviews *A Bank is Born* by Nadeem Hussain

15/11 Russians raised microloans worth ₽350 billion

The number of clients of microloan organizations increased to 19.9 million, the volume of microloans issued in the third quarter increased by almost 20% year on year. Experts explain the trend by inflation, high rates and strict selection in banks

23/10 ‘I am afraid I will kill myself, like my husband’: spotlight on loan firms in Cambodia after Indigenous suicides

Microfinance was meant to reduce poverty, but borrowers allege they have been victims of ‘predatory’ loans and repayment tactics, which have led to desperation and deaths