For the quarter ending September 2017, Ghanaian financial service providers reported growth in all the key indicators compared to the previous quarter. The Gross Loan Portfolio increased from 223M to 256M, a growth rate of 14.5%. Non-bank financial institutions (NBFIs) led the growth with a rate of 15.2% while NGOs experienced a decline of 12.9% for the quarter.
The Kenyan economy remained stable during FY 2016 despite heightened global uncertainty. According to the CBK, lending rates in Kenya increased from 15.5% in February 2015 to 17.9% in February 2016 while deposit rates increased from 6.7% to 7.5% in the same period, which could be related to the step taken by the Kenyan banks to maintain the interest spreads.
Financial service providers in Cambodia are projecting stronger growth in Gross Loan Portfolio than in Number of Borrowers, and expect Client-indebtedness and Competition to impact risk levels in the future. This Barometer Forecast includes projections from institutions that represent 100% of the market by GLP and Borrowers.
In 2016, Tajikistan’s economy was characterized by a rapid devaluation of the national currency early in the year and the crisis of several banks of systemic significance. According to official data, Tajikistan's economy grew at a rate of 6-7% in 2016.
MIX and One Acre Fund announced today the launch of the Smallholder Finance Product Explorer, a new, centralized directory where the agricultural finance industry can, for the first time, access detailed information on existing smallholder finance products. The goal of this new resource, which is available through the popular MIX Market platform, is to make accessible operationally useful information in order to inspire the development of new financial products for smallholder farmers and improve existing ones.
In 2016, Mexico introduced its national financial inclusion strategy, which is supported by six 'pillars': (1) financial education, (2) technological innovation, (3) the development of financial infrastructure in underserved areas, (4) increased access and use of formal financial services for the underserved and excluded populations, (5) c
The number of active borrowers declined by 35.91% from FY2015 to FY2016. Much of the decline was attributed to large-scale financial service providers, while medium- and small-scale financial service providers reported growth during the same time period.
Over the past few years, the number of Microfinance Institutions (MFIs) and Credit Unions in Kyrgyzstan declined. Now there 172 MFIs and 118 Credit Unions. During FY2016, the number of MFIs decreased mainly due to the revocation of certificates of account registration due to non-compliance with requirements.