Posts Tagged ‘remittances’

Microfinance Focus, Aug 30, 2010: To expand its delivery of remittances in the Philippines, and for strengthening mobile international payment infrastructure in major remittance corridors, Washington based Microfinance International Corporation (MFIC) has recently entered into a partnership with Smart Communications, Inc. (SMART), a mobile network operator in the country. SMART will pay-out the remittances sent through ARIAS, MFIC’s money transfer solution, originated by financial service providers ... Full story

Microfinance Focus, June 15, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. FM asks banks to lend more to Eastern, NE states: Finance Minister Pranab Mukherjee on Monday asked banks to step up lending activities and open more branches in the Eastern and Northeastern regions."At today's meeting, we have discussed how to improve credit-deposit ratio. ... Full story

By Matthew Fuchs Microfinance Focus, Oct. 26, 2009: African workers send home more than $40 billion to the region each year but restrictive laws and costly fees hamper the power of remittances to lift people out of poverty, according to a new report by the UN’s rural development agency, the International Fund for Agricultural Development (IFAD), stated a press release. Remittances are sources of income for poor ... Full story

Microfinance Focus, Sept.1, 2009: Declining U.S. economy through July has impacted remittances and have had profound rippled effects on the economies of Caribbean countries, according to new research from Map Financial Group, a leading microfinance lender in the region. Facing hardship in the United States, American relatives have dropped remittances by an estimated 9% on an annualized rate to their families residing on the Caribbean ... Full story