Microfinance News Monitoring

‘Microfinance collections see improvements, except in K’taka’

Asset quality also improved across regions barring Karnataka. Yet, other pockets of stress also exist in states such as Gujarat, Uttar Pradesh, Bihar, and Odisha, catalysed by over-leveraging, multiple-lender exposure, and political interference for loan …

FIC freezes accounts of Bills Micro-Credit founder

By Morkporkpor Anku Accra, March 25, GNA – The Financial Intelligence Centre (FIC) has frozen all accounts belonging to Mr. Richard Nii Armah Quaye, businessman and founder of Bills Micro-Credit. The frozen accounts include Bills Micro-Credit, Quick Credit …

Microfinance for education!

In the heart of rural India, where dreams often battle against daunting financial constraints, microfinance has emerged as a beacon of hope, empowering low-income families to invest in their children’s futures despite systemic challenges. As every …

UPAY Inc. - ACPAS Continues to Champion the Microfinance Sector as Proud Sponsor of MFSA Compliance Workshop

DALLAS, March 25, 2025 (GLOBE NEWSWIRE) -- UPAY Inc. ("UPAY" or the "Company") (OTCQB: UPYY) is delighted to announce that ACPAS, its South African subsidiary, proudly sponsored the MFSA #101 Compliance Workshop to MicroFinance, held at …

Update: Bills Micro-Credit CEO’s personal and company accoun...

The Financial Intelligence Centre (FIC) has frozen all company accounts belonging to Bills Micro-Credit and Quick Credit and Investment Micro-Credit, along with the personal accounts of the CEO, Romeo-Richlove Kweku Seshie. This comes a day after the …

Ghana Revenue Authority Investigates Micro-Credit Founder’s Tax Records

The Ghana Revenue Authority (GRA) is reviewing the personal income tax compliance of Richard Nii Armah Quaye, founder and board chairman of Bills Micro-Credit, according to sources familiar with the matter. The probe, confirmed by Citi Business News, aims …

Al Tadamun Microfinance to renew $3.85mln credit facility with QNB Bank

Cairo – Qatar National Bank Al Ahli (QNB) and Al Tadamun Microfinance Foundation reached an agreement to renew a credit facility worth EGP 195 million, according to a press release. This financing aims to expand the funding of micro-projects owned by women …

What next as Microfinance Inkingi goes into liquidation?

Microfinance bank disburses grants to female entrepreneurs

NOW Kolomoni Microfinance Bank has disbursed and supported female-owned businesses in the country with grants as part of moves to boost the nation’s economy. While disclosing that female entrepreneurs are vital to Nigeria 1 day ago Cross River State …

Egypt’s microfinance sector approaches EGP 100bn in 2024: MSMEF

Mona Zulficar, Chairperson of the Egyptian Federation for Financing Medium, Small, and Micro Projects (MSMEF), announced that Egypt’s microfinance sector has seen significant growth in 2024, with total financing balances nearing EGP 100bn by the end of the …

Microfinance companies inject EGP 80.4bn into MSMEs in January 2025: FRA

The Financial Regulatory Authority (FRA) has reported that licenced microfinance companies and associations provided a total of EGP 80.409bn in funding to micro, small, and medium enterprises (MSMEs) in January 2025. This represents a significant increase …

BainesCredit Micro Finance Bank’s MD In Trouble, Allegedly Detained Over N100M Fraud

The Economic & Financial Crimes Commission has arrested the Managing Director of BainesCredit Microfinance Bank based in Ikoyi following a criminal complaint by Dr Segun Oyebolu, the Managing Director of QuickAir Networks Limited who had alleged that …

Bain Capital’s proposed stake buyout in Manappuram Finance will have positive effect on NBFC’s governance: S&P, Fitch

Global rating agencies S&P Global Ratings and Fitch Ratings are upbeat about the positive effect that Bain Capital’s proposed acquisition of a stake in Manappuram Finance Ltd (MFL) will have on the non-bank lender’s corporate governance and management. …

Bain Capital's strategic investment to boost Manappuram Finance's corp governance: S&P

S&P Global Ratings on Tuesday said Manappuram Finance Ltd's corporate governance will get a boost from Bain Capital's recent strategic investment. The US-based private investment firm could materially influence the India-based gold financier…

Market This Week: FIIs Selling Intensity Reduces on Fed Commentary and Dollar Decline

Indian equity indices ended strong on Friday, with the NIFTY closing at 23,350.40, up 159.75 points (0.69%), while the Sensex rose 557.45 points (0.73%) to finish at 76,905.51. Foreign institutional investors (FIIs), who had been consistently selling, are …

FLASHBACK: How 'Illegal' Inspector-General Of Police Egbetokun Allegedly Mismanaged Police Training School Lagos As ...

The Inspector-General of Police, Kayode Egbetokun, whom many activists have described as illegally occupying office for failing to retire from the police service, has a history of controversies, including when he served as Commandant at the Police Training …

Shares of India’s Manappuram Finance rise after Bain announces $508m stake buy

Shares of India’s Manappuram Finance jumped 6% on Friday after analysts said that Bain Capital’s plans to buy an 18% stake and jointly control the gold loan provider will help ease its management succession plans. US private equity firm Bain Capital will  …

Did Bain Capital overpay for Manappuram Finance?

The fast growth in gold loans has got global investors attention too with Bain Capital making an offer late on Thursday evening to acquire joint control of Manappuram Finance. The above transaction has been done at Rs 236 per share and it pushed the share …

Indian gold loan provider Manappuram hits record high as Bain Capital plans stake buy

(Reuters) - Shares of India's Manappuram Finance jumped 6% on Friday after analysts said that Bain Capital's plans to buy an 18% stake and jointly control the gold loan provider will help ease its management succession plans. U.S. private equity …

Watermelon Pictures to Distribute Award-Winning Film, Exception

Watermelon Pictures to Distribute Award-Winning Film, Exception, Starring Waleed Zuaiter, about silencing of Palestinian Academics in America HOLLYWOOD, CA, UNITED STATES, March 26, 2025 /⁨EINPresswire.com⁩/ -- M Film Lab and Open Screenplay …

Jim Marter Issues Statement on Comments Made by Rep. Jasmine Crockett, Calls on Congresswoman Underwood to Denounce

OSWEGO, IL, UNITED STATES, March 26, 2025 /⁨EINPresswire.com⁩/ -- Jim Marter, Republican candidate for Congress in Illinois’ 14th District, is calling on Congresswoman Lauren Underwood to publicly condemn the offensive and insensitive remarks made …

NEA Foundation Launches Global Learning Edcamp to Empower Educators Worldwide

Produced in Partnership with Actionable Innovations Global WASHINGTON, DC, UNITED STATES, March 26, 2025 /⁨EINPresswire.com⁩/ -- The NEA Foundation is proud to announce its third annual Global Learning Edcamp, a groundbreaking virtual convening …

SUCCESSFUL LANDING OF THE UKRAINIAN FLAG ON THE MOON, Lunar Museum of Art Showcases Iconic Ukrainian Art on the Moon

KYIV, UKRAINE, March 26, 2025 /⁨EINPresswire.com⁩/ -- Earlier this month,” the Lunar Museum of Art’s (“LUMA”) remarkable collection of digital art and cultural artifacts landed on the Moon, after being launched by a SpaceX’s Falcon 9 rocket. The …

GEORGIA LEGISLATURE PASSES "REASONABLE CHILDHOOD INDEPENDENCE" LAW

Last year Brittany Patterson was arrested there when her son walked to the store. NEW YORK, NY, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- Just a few months after Georgia mom Brittany Patterson was arrested for not knowing that her son, …

Future Forward Women U.S. Gender Wage Gap Report Shows Gender Pay Gap Here Until 2068, Longer for Black and Latina Women

The report ranks all 50 states for wage equality and shows the pay gap has narrowed by just one percent. The gap could continue for 40+ more years. WASHINGTON, DC, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- New Report: The U.S. Gender …

New Hampshire bill seeks exemption to law banning child marriage

If passed into law, New Hampshire's Bill H.B. 433 would allow an adult of any age who is on active duty in the military to legally marry a 17-year-old. NEW YORK, NY, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- Less than three months …

Help TinySuperheroes® Reach 5 Million Kids

SAINT LOUIS, MO, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- TinySuperheroes, a nonprofit dedicated to empowering children facing medical challenges, is launching an ambitious crowdfunding campaign to reach and impact 5 million kids in …

YWCA Greater Los Angeles Unveils 2024-2029 Strategic Plan

LOS ANGELES, CA, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- YWCA Greater Los Angeles is proud to announce the launch of its 2024-2029 Strategic Plan, a comprehensive roadmap to enhance, elevate, and empower our community. This plan …

Judge Glenda Hatchett to Receive ElevateMeD Trailblazer Award at Ignite Atlanta

Renowned Judge, Advocate, and TV Personality Honored for Her Commitment to Justice and Equity in Healthcare ATLANTA, GA, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- ElevateMeD is honored to announce that the esteemed Judge Glenda Hatchett will …

Catholic Charities of Northwest California Hosts Virtual ‘Know Your Rights’ Workshops to Empower Immigrant Communities

Free, virtual workshops on March 26 and 27 offer legal guidance, safety planning, and community support for immigrants and allies across Northern California. ROHNERT PARK, CA, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- Catholic …

iACT Launches AMPLIFi, a Community-led Media Project in Chad and CAR

LOS ANGELES, CA, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- iACT is thrilled to announce the launch of AMPLIFi: an iACT Media Project. This community-led project directly takes on iACT’s mission to partner, resource, and amplify, by co- …

MARCH 25th IS NATIONAL CEREBAL PALSY AWARENESS DAY IN THE UNITED STATES

Highlighting the Most Common Lifelong Motor Impairment Affecting more than 1,000,000 Americans & 17,000,000 People Worldwide NEW YORK, NY, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- March 25th, 2025, marks the 19th National Cerebral …

Illinois Dog Bite Legislation: How Zneimer & Zneimer P.C. Protects Victims’ Rights Under Updated Laws

Chicago Law Firm Closely Tracks Legal Developments in Dog Bite Cases CHICAGO, IL, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- Illinois law places clear liability on dog owners when their pets bite or attack individuals without …

Texas Women’s Foundation Releases New Data on the Economic Impact of the Wage Gap in Texas

Closing the wage gap could add more than $60.1 billion annually to the Texas economy DALLAS, TX, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- As a follow-on to its 2024 Economic Issues for Women in Texas Report, Texas Women’s Foundation ( …

Israel and the occupied territories: ICRC office in Gaza damaged, civilians and humanitarian workers must be protected

The escalation of hostilities in Gaza over the past week has had significant humanitarian impacts, with hundreds of civilians killed, some of whom remain buried under rubble while others have been left behind unable to be rescued. New evacuation orders and …

Philippines: Renewed hope for displaced families in Basilan

To help address the needs of these displaced families, the International Committee of the Red Cross (ICRC), a humanitarian organization that strives to protect and assist victims of armed conflict, conducted an evaluation of Asniah’s village to determine …

With U.S. Department of Education Under Threat, K Altman Law Warns of Risks to College Students' Rights

Proposed cuts to Dept. of Education threaten student due process in Title IX cases. K Altman Law urges students to know their rights now. WASHINGTON, DC, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- The proposed Executive Order to …

Press Conference: ‘Golden Ticket’ Education Campaign on How to Help Las Vegas Homeless

LAS VEGAS, NV, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- Vegas Stronger, the Las Vegas nonprofit working to end homelessness by addressing its root causes of substance use and mental illness, will be hosting a press conference alongside …

Tools to Assess Emotional Well-Being for People with Intellectual Disabilities are Lacking, New Study Finds

Specialized training and tools are required to improve emotional well-being and the overall health of people with intellectual and developmental disabilities. CLEARWATER, FL, UNITED STATES, March 25, 2025 /⁨EINPresswire.com⁩/ -- A newly released …