NASDAQ: LFIN) has acquired global micro-lending
solutions provider proZiddu.
The apex bank said that the restrictions would rein in the country's online micro-lending
The commitment includes mortgage lending, small business lending, micro-lending
, community development lending and investments, as well as Fifth Third Impact Initiatives, including philanthropy, financial empowerment programming, branches and staffing, and inclusion and diversity.
He said he would ask the Land Bank of the Philippines to step up its micro-lending
to enable small businessmen to expand their businesses.
Their queries were answered and it was made clear to all participants that after the introduction of new regulatory regime, micro-lending
has become a regulated activity and all the institutions undertaking microfinance business (other than microfinance banks) will have to come within the SECP's regulatory ambit and any violation of the same will be tantamount to a criminal offence.
In developing markets, the research found that while airtime top up accounted for the largest share of transactions, there had been a significant increase in the deployment and adoption of services such as micro-lending
, savings and micro-insurance.
Ten years ago in a cramped apartment at Stanford University, Jessica Jackley and her partner launched Kiva, the first online micro-lending
platform for the working poor.
As part of the partnership, OMD UAE and Pi Slice have launched a 'lending page' to promote micro-lending
opportunities to its stakeholders and the wider community.
The development of micro-lending
as a sub-sector of the financial sector is to be expected as a natural step in the evolution of local finance and the DBN wants to play its pivotal role in that regard.
com)-- Kueski, the leading online micro-lending
platform for Mexico and Latin America, announced its first round of investment totaling $1.
As part of the partnership, du and Pi Slice have launched a 'lending page' to encourage the wider community towards micro-lending
We cater to SMEs and micro-businesses and in fact were the first bank to initiate micro-lending
in Lebanon back in 1999," he says, differentiating microcredit from small consumer loans by its purpose.