microlending – Karma https://karmaimpact.com Advancing people, planet and profit. Thu, 19 Mar 2020 21:05:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Nigeria’s OPay Raised $120M: Chinese Investors Entering Africa’s Budding Fintech Sector /nigerias-opay-raised-120m-chinese-investors-entering-africas-budding-fintech-sector/ /nigerias-opay-raised-120m-chinese-investors-entering-africas-budding-fintech-sector/#respond Tue, 19 Nov 2019 13:00:01 +0000 /?p=13797 Nigerian fintech company OPay, provider of micro-loans and investment services on mobile phones, raised $120 million in series B Monday, aiming to deliver financial inclusion to Africa’s unbanked and expand into other African countries.  Founded in 2018, the Lago-based company aspires to be a one-stop mobile platform for payment, transportation and food delivery for Africa’s […]

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]]> /nigerias-opay-raised-120m-chinese-investors-entering-africas-budding-fintech-sector/feed/ 0 PayPal-Backed Microlender Tala Raises $110 Million to Expand Reach, Products /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/ /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/#respond Thu, 22 Aug 2019 19:32:30 +0000 /?p=11541 Microlender Tala, whose phone app-based system has enabled $1 billion in small loans around the world, raised $110 million from a group of venture capital firms that will help it expand in India, hire workers in its markets and introduce products. PayPal is again among investors backing Los Angeles-based Tala, which has loaned $1 billion […]

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]]> /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/feed/ 0 Israel’s First Bank in Decades Looks to Help Low-Income Families /israels-first-bank-in-decades-looks-to-help-low-income-families/ /israels-first-bank-in-decades-looks-to-help-low-income-families/#respond Tue, 06 Aug 2019 19:13:18 +0000 /?p=10568 Israel’s first new bank in 47 years will be making interest-free and low-interest loans, continuing the social impact tradition of its successor organization. Non-profit lender Ogen Bank, which is in the late stages of the process to get its banking license, plans to serve borrowers rejected by other institutions, making low-cost banking and interest-free loans […]

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]]> /israels-first-bank-in-decades-looks-to-help-low-income-families/feed/ 0 Kiva Starts Refugee Fund to Raise Larger Amounts for Micro-Lenders /kiva-starts-refugee-fund-to-raise-larger-amounts-for-micro-lenders/ /kiva-starts-refugee-fund-to-raise-larger-amounts-for-micro-lenders/#respond Mon, 24 Jun 2019 19:42:19 +0000 http://3.222.249.12/?p=9528 Kiva, the crowdsourced micro-lending platform, is going bigger to help refugees gain access to larger amounts of capital by launching the Kiva Refugee Investment Fund. Since 2016, Kiva has provided local micro-finance institutions, also called field partners, with capital at zero interest, helping more than 15,000 refugees around the world gain financing.  Refugee borrowers financed […]

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