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Ethiopia Allows Local Banks To Borrow From Foreign Banks

The decision of the National Bank of Ethiopia followed the chronic foreign currency shortage the country has been facing for many years.

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India: Microfinance Collections Pick up in July, Shows Industry Data

Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.

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Brazilian Fintech SuperSim, Which Focuses on Microlending, Secures $5.6 Million via Debt Financing

Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.

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EIB Lends $12M to Credo Bank for Microfinance in Rural Georgia to Offset Effects of COVID-19 on Food Production

Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.

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Pakistan Cites New Transfer Rules in Remittances Boost

In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.

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IFC Supports Afghan Women’s Access to Financial and Non-Financial Services

More than an estimated 5,000 women are expected to directly benefit from a new initiative led by Ghazanfar Bank, one of Afghanistan’s leading commercial banks.

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Cambodians Are Bingeing on Microfinance Loans

The downturn brought on by COVID-19 will test the industry.

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Individuals Can Now Join the SEEP Network

SEEP recognizes the value individuals can derive from and bring to the SEEP Network and want you to play a part in peer-to-peer learning, experimenting with new approaches, collaborating on critical issues, and shared vision.

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COVID-19 Driving Increase in Digital Payments in Singapore

Singapore residents are increasingly adopting digital payments due to the COVID-19 pandemic, according to a GlobalData report.

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Digital Financial Services Must Expand to Address Pandemic Fallout

Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.