The concept of halal microfinance has gained significant attention as a means of providing financial assistance while adhering to Islamic principles. By combining ethical practices with financial ...

Local examples include Term Finance SME ... MFIs are helping to right this wrong, with 63% of regional microfinance recipients being women. 3. Credit Building: How does one build a credit history ...

New data from the CBN has shown that over 95% of loans were gotten from microfinance banks in 2024, leaving the commercial banks to scramble for 5% The data also shows a year-on-year decline in loans, ...

The problem with most budgets is they don't work. While they look at a typical month's spending, what about birthdays, that tooth filling you have to pay for and other one-offs? This guide gives you ...

RBL Bank's net profit plummeted 86% to Rs 33 crore in Q3 FY24, mainly due to a Rs 414 crore provision for potential losses in its microfinance loans. Additional stress from unsecured lending segments ...

The BBVA Chair also remarked that one of BBVA’s objectives “is to support our customers in their transition to a more sustainable energy model” and shared several examples of how the BBVA Microfinance ...

A majority of the population in developing countries, especially in rural communities, is excluded when it comes to access to financial services. According to World Bank Group, Findex data, close to ...

Learn more. Microfinance Statistics: Microfinance is a transformative financial tool designed to empower underserved individuals and communities by offering tailored services such as microcredit, ...

India's micro finance institutions (MFIs) have seen a surge of over 2,176 per cent in growth from Rs 17,264 crore in March 2012 to Rs 3.93 lakh crore by November 2024. Challenges such as ...

Spandana Sphoorty Financial shares hit a multi-year low of Rs 309, down 3% on the BSE in Tuesday's intra-day trade, and inched towards its all-time low of Rs 288.75 touched on June 20, 2022 ...

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It stated thus, “The Central Bank of Nigeria hereby directs the exemption of microfinance banks and primary mortgage banks that provide banking services to the economically active poor from paying the ...