A recently completed geographic-information-system (GIS) mapping project revealed that between 2015 and 2017, the number of active mobile money agents in Zambia more than doubled, from 3,225 to 6,590.
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