Microfinance Industry News Monitoring

HBL Microfinance Bank, Standard Chartered sign risk-sharing deals with IFC

HBL Microfinance Bank (HBL MfB) and Standard Chartered have signed risk-sharing agreements with the International Finance Corporation (IFC) to enhance financial accessibility in Pakistan. IFC, a member of the World Bank Group, focuses on private sector …

Non-banking microfinance sector: SECP announces series of initiatives to empower women, strengthen consumer protection

ISLAMABAD  -  The Securities and Exchange Commission of Pakistan (SECP) has announced a series of initiatives designed to empower women and strengthen consumer protection within the non-banking microfinance sector. These measures include comprehensive …

Govt grateful to guv for approving microfinance ordinance: H K Patil

Microcredit totaling 80 million euros for small companies

ECONOMY FINANCE Microloans of 3,000 to 25,000 euros will be granted with the support of the Microcredit Fund of the Hellenic Development Bank (HDB) through the three microcredit companies which have been licensed by the Bank of Greece. At an event held on …

Microfinance menace: Unregistered firms to face heat in K’taka

Microfinance menace: Unregistered firms to face heat in K’taka Bengaluru: With the implementation of the Karnataka Microloan and Small Loan (Prohibition of Coercive Measures) Ordinance, 2025, the microfinancing institutions (MFIs) operating without license …

Microfinance ordinance: Tough law could freeze rural credit

Governor approves Ordinance to curb microfinance excesses

Bengaluru: Karnataka Governor Thaawarchand Gehlot has approved the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, after receiving clarifications from the State Government. The Ordinance, aimed at regulating …

SECP Announces Mandatory Requirements for Non-Banking Microfinance Companies 

The Securities and Exchange Commission of Pakistan has announced a series of initiatives designed to empower women and strengthen consumer protection within the non-banking microfinance sector. These measures include comprehensive consumer protection …

Karnataka brings into force law to prevent coercive loan recoveries in microfinance sector

The Karnataka government has issued a notification to bring into force a law to regulate the microfinance sector in the state, with penal provisions such as imprisonment for up to 10 years and a fine of Rs 5 lakh for violations.The notification, bringing …

Karnataka enacts ordinance to curb harassment by microfinance companies

The Karnataka government has notified the ordinance to curb harassment of borrowers from microfinance companies following the governor’s approval.  The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance 2025, which comes into …

Delta microfinance bank reiterates commitment to better corporate governance, empowerment

Revelation Microfinance Bank Limited, Ughelli, Delta State, has restated its commitment to strong corporate governance, robust risk assessment and strategic collaborations. Speaking to South-South PUNCH in an exclusive interview, the bank’s Managing/ …

“Law to curb Microfinance harassment to come into effect soon”: Karnataka CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah on Wednesday announced that the state government will soon implement an ordinance to prevent microfinance companies from harassing borrowers, adding that the ordinance has received the Governor’s approval. ಮೈಕ್ರೋ …

Financial Feminism: The Evolution of Microfinance and Self-Help Groups in India

Often excluded from the formal workforce, women in rural India have long borne the consequences of exclusion from financial systems. Lacking assets to their name, underserved communities consistently confront barriers that hinder their access to capital. …

 45 mins  'Those harassed will receive greater protection': Siddaramaiah on microfinance menace

Bengaluru, Feb 12 : Following Governor Thaawarchand Gehlot's approving the Ordinance promulgated to contain microfinancing institutions (MFIs), Karnataka Chief Minister Siddaramaiah stated on Wednesday that the law comes into effect with immediate …

Guv nod to ordinance to control microfinance, prevent coercion

Karnataka Governor Thaawarchand Gehlot has given his approval to the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, after receiving clarifications from the state government. The ordinance, aimed at regulating …

Karnataka Guv Gehlot approves ordinance to curb microfinance harassment

Bengaluru, Feb 12 (PTI) Karnataka Governor Thaawarchand Gehlot has given his assent to the ordinance to check harassment by microfinance companies to its borrowers, said government sources on Wednesday. Following reports about many people dying by suicide, …

K’taka Guv clears microfinance ordinance after initial pushback

Greece Launches Microfinance Fund to Support Small Businesses

The institution of microfinance was officially launched in Greece on Tuesday, February 11 during an event held by the Bank of Greece, with the establishment of the Microfinance Fund by the Hellenic Development Bank. The Hellenic Development Bank …

Karnataka Guv gives nod to microfinance ordinance, but warns against misuse

Rootstack and Acquia host event for digital innovation leaders in Panama

During the event, attendees will be able to learn how Acquia DXP, the digital experience platform based on Drupal, allows them to optimize content management. AUSTIN, TX, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Rootstack, in …

Rootstack participated in DeveloperWeek 2025 with AI innovation for development teams

DeveloperWeek 2025 attracted renowned companies such as Google, Microsoft, Red Hat, IBM, and many more. AUSTIN, TX, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Rootstack actively participated in DeveloperWeek 2025, the world's …

Harvey Weinstein Sues Brother and Former Weinstein Company Exec David Glasser, Alleging Fraud and Financial Conspiracy

Harvey Weinstein sues Bob Weinstein & David Glasser, alleging fraud, financial conspiracy, & a plot to oust him from TWC, leaving him liable for a $45M loan NEW YORK, NY, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Harvey …

HousingWire Names DocMagic a 2025 Tech100™ Award Winner for the 13th Straight Year

Longtime industry tech titan and digital lending trailblazer again lauded for innovations TORRANCE, CA, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- DocMagic, Inc., the premier provider of compliant loan document generation, automated …

YCRM ReachOut Technology Resumes Trading, Details Strategic AI and Blockchain Plans

CEO Rick Jordan announces return to active trading, strategic stake in blockchain company TRUSTLESS, and partnership with AI platform for Autonomous Service Yuengling's Ice Cream Corporation (OTCMKTS:YCRM) CHICAGO, IL, UNITED STATES, February 14, …

This Valentine’s Day, Young Women Fall in Love with Finance Through Invest In Girls

This Valentine’s Day, young women from Valley Vista High School are discovering a new love—finance—through Invest in Girls! PHOENIX, AZ, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- While many are swept up in the romance of Valentine…

Debbie Kempen Announces the Release of Single Mom Millionaire

Exhaustion is not a measuring stick for success. DALLAS, TX, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- About the Book Nonfiction Single Mom Millionaire is a powerful and inspiring guide for women looking to take control of …

State of Black Shreveport 12th Annual Symposium, Economic Summit and Awards Luncheon Culminates this Weekend

State of Black Shreveport Annual Awards Luncheon will recognize community leaders, businesses, and Shreveport sports icons SHREVEPORT, LA, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- The State of Black Shreveport (SOBS), a community …

Cao Botao Honored with Outstanding Film Production Innovation Award, Launches New Standards in Global Cinema

Award-winning producer Cao Botao expands global cinema with innovative U.S. projects and groundbreaking financing models LOS ANGELES, CA, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Film producer Cao Botao has been honored with the …

Consumer Defense Law Group Saves Homeowner from Trustee Sale by After Loan Servicer Declined Assistance

WHITTIER, CA, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- In another significant victory for homeowners facing Trustee Sale Auctions, Consumer Defense Law Group successfully prevented another trustee sale by circumventing a loans …

P&C Insurance Software Market to Garner $28.5 Bn, Globally, by 2031 at 9.6% CAGR

P&C Insurance Software Market to Garner $28.5 Bn, Globally, by 2031 at 9.6% CAGR NEW CASTLE, DE, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research recently published a report, titled, "P&C Insurance …

Allocore Uses AI-Powered Enhancements to Modernize Federal Loan and Grant Processing

WASHINGTON, DC, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Allocore, a leader in fraud detection and loan processing technology, is revolutionizing federal lending and grant programs with AI-driven security and efficiency enhancements …

NextgenID COMPLETES PHASE 1 OF PRESENCEID™ NETWORK DEPLOYMENT ACROSS USPS LOCATIONS

To enable Federal, State, and Local governments and commercial businesses to conveniently access identity proofing services at their local Post Office locations FAIRFAX, VA, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- NextgenID, a …

$TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – EVGR, QTRX, RKDA, EBTC

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are …

Nevada Businesses Leverage Outsourced Accounting Service for Greater Financial Efficiency and Growth

Outsource Accounting Service in Nevada help businesses streamline operations, reduce costs, and drive growth efficiently. MIAMI, FL, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, February 14, 2025- Outsource Accounting …

Lemonjuice Solutions Announces $100 Million Distribution to Timeshare Owners Through Its Resorts Reimagined Program

Resorts Reimagined is a strategic program designed to revitalize aging timeshare resorts and deliver real financial value to owners. ORLANDO, FL, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- Innovative program returns $100M to owners …

EBC Financial Group Unpacks India's Budget 2025: Fintech, AI, and Trade Policies Reshape Investment Landscape

India’s Budget 2025 accelerates fintech and AI growth but faces an investment gap. EBC Financial Group explores key insights and industry implications. INDIA, February 14, 2025 /⁨EINPresswire.com⁩/ -- India's Union Budget 2025 introduces …

Musical Instrument Insurance Market Size is Set To Fly High in Years to Come 2.85 Billion by 2032

Musical Instrument Insurance Market Research Report By, Instrument Type, Coverage Type, Customer Type, Insurance Provider Type, Regional OR, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- The global Musical Instrument Insurance market …

Insurance Claims Market is Expected to Generate USD 519.21 Billion by 2032 Growing at a CAGR of 12.90%

Insurance Claims Market Research Report By Type, Subrogation, Claim Size, Processing Method, Regional VT, UNITED STATES, February 14, 2025 /⁨EINPresswire.com⁩/ -- The global Insurance Claims market has experienced significant growth in recent …

Fairfax India Amends Credit Agreement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted). TORONTO, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Fairfax India …