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In collaboration with CARE Africa, Barclays support its microfinance pilot program in Uganda

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Barclays bank has announced a three year, USD 20 million funding plan to support microfinance programs in ten countries across Africa, Asia and Latin America. The program will include the expansion of existing community-based financial services, as well as the introduction of new microfinance...

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BNP Paribas launches Microfix, a currency-hedging microfinance fund

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BNP Paribas is demonstrating its commitment to responsible investing and sustainable development by supporting the creation of Microfix, a new currency-hedging microfinance fund. BNP Paribas will provide technical assistance, derivatives expertise and funding. Other Microfix participants are PlaNet...

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HSBC Amanah partners with Islamic Relief to offer microfinance in Pakistan

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HSBC Amanah, the global Islamic banking division of HSBC group, has partnered with Islamic Relief, an international development and relief organization, to offer Islamic Microfinance in Pakistan. Islamic microfinance, just like Islamic banking, will provide financial services to devout Muslims in...

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HSBC partners with MDMSB, a microfinance institute in India

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The Mann Deshi Mahila Sahakari Bank (MDMSB), a microfinance institution (MFI) based in the Indian city of Mhaswad, partnered with HSBC to act as HSBC's corresponding bank in the region, and screen potential borrowers for microfinance loans. In return, HSBC will provide the institution with a new...

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PwC helped Fundacion Paraguaya to develope strategy and business plan for their work in microfinance and education

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Fundacion Paraguaya promotes entrepreneurship in three ways: A microfinance programme; an economic education programme for children; and an agricultural high school. PwC developed a strategy and business plan for the organisation for the medium term (2006-2008). The institution was keen to develop...

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Western Union takes microfinance route

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Money transfer company Western Union believes in tapping fortune at the bottom of the pyramid.

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Using microcredit to help to lift the poor out of poverty yet still post dramatic growth

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Many institutions around the world are turning to microfinance both as a strategy to help lift the poor out of the poverty trap and to make a decent return on investment.

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The Centre for Self-Help Development: a Nepalese microfiinance success story

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Microfinance programs are helping reduce both urban and rural poverty across Nepal in what amounts to a micro-finance revolution.

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Hewlett Packard working with microfinance networks to help scale microfinance

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In 2002, Hewlett Packard formed a partnership with a number of microfinance networks (MFIs) and commercial partners working in related areas to explore how technology could be used effectively to help scale microfinance. It was apparent that the microfinance industry faced major issues,...

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ABN Amro India provides credit to 16 microfinance institutions in India

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In August 2003, ABN AMRO India started providing credit to microfinance institutions in India. These supply credit to rural lending groups, composed of women considered to be the poorest of the poor. The women themselves decide who qualifies. Most operate in the south of India, some also in the...