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COVID-19 Loans for MSMEs Reach PHP 4.3 Billion

The loans approved under the COVID-19 Assistance to Restart Enterprises program is said to have benefited 29,816 enterprises in the Philippines.

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COVID-19 Second Wave Takes a Toll on Digital Payments

Digital payment transactions have fallen sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic in India.

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More Nigerians to Benefit From COVID-19 Loan

The Central Bank of Nigeria, through NIRSAL Microfinance Bank, has announced the reopening of its portal for Micro Small and Medium Enterprises and households affected by COVID-19 to access up to $70,000.

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Sao Tome and Principe: World Bank Boosts Improvements in the Banking System, Access to Finance

This $7 million financing for the ongoing Institutional Capacity Building Project will help scale-up activities with the Central Bank of Sao Tome and Principe and support system modernizations as part of the COVID-19 mitigation response.

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Kenya: Remittances to Kenya Resist COVID-19

The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.

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Africa: IFC Announces $2 B Investment in SMEs and Trade to Support Recovery From COVID-19

The $2 billion IFC commitment will support the continent's economic recovery from the pandemic by sustaining and creating jobs and business activity.

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Tunisia: Islamic Social Financing to Support Efforts to Recover and Rebuild From COVID-19 Pandemic

The initiative will include the International Dialogue on the Role of Islamic Social Financing in Achieving the SDGs, which will launch critical discussions including with global leaders and Islamic institutions on the role of Islamic social financing.

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Mobile Money Adoption Increased During the Pandemic by 4 Percent: Karandaaz Survey on COVID-19’s Impact on Financial Behavior

Survey findings on the impact of COVID-19 on financial behavior show that while financial inclusion in Pakistan increased from 21 percent of adults pre-pandemic to 25 percent in late 2020, the change was driven entirely by mobile money adoption.

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Opportunity International Leverages Network Across India to Provide Emergency COVID-19 Relief to Millions

The 50-year-old nonprofit is marshalling its resources to deliver public health education, food supplies and direct medical support to millions in nine of the hardest hit states in India.

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Share Your Insights in the Financial Inclusion Compass 2021 Survey

The fourth edition of the e-MFP Compass survey builds on the special edition Covid-19 Financial Inclusion Compass published last year to ask how the pandemic has changed stakeholders' roles and priorities.