Insurance intermediary Micro Ensure Philippines has set its sight on P180 million worth of life and non-life insurance premiums this year, after producing P140 million in premiums last year. Micro Ensure Philippines is a wholly-owned subsidiary of Opportunity International, a non-profit global organization that provides small business loans, savings, insurance, and training to people living in poverty in the developing world.
Satellite data of climate activity enable remote herders to obtain drought insurance.
I visited some sites run by Opportunity International Bank of Malawi. OIBM is building inexpensive branches - I visited one that was made out of three shipping containers–and setting up kiosks in shopping centres and post offices. They also operate seven trucks, some equipped with ATMs, that can bring affordable banking services to even the most remote locations. I talked to several OIBM clients who told me that before the trucks started coming to their town, they had to take long, expensive trips into the city to do their banking-or simply hide their savings under the mattress. But now the bank comes to them.
Opportunity International finds microloans blossom into economic independence
Opportunity Bank of Malawi is featured in a video by the Millenium Villages. The video shows the importance of having access to financial services. Keeping money in the house means you will lose it, says one account holder. But put it in a bank and you can plan.
World Bank investment arm IFC is helping FORUS Bank, a regional microfinance institution in Russia, hedge currency and interest rate risks to make its microfinance operations more sustainable, said a press release.
A delegation from the U.S. House of Representatives visited Opportunity International’s bank in Kigali, Rwanda earlier this week to learn more about the need to expand microfinance banking services in sub-Saharan Africa, where fewer than 20% of households have a secure way to safeguard their earnings.
UN negotiators at Bonn consider micro-insurance schemes among adaptation measures for Africa, Asia and Latin America.
URWEGO Opportunity Bank (UOB) registered a 73 percent increase in its loan portfolio.
How Ghana’s non-bank financial sector is engaging the country’s informal economy and how it is faring in the business of providing microfinance and credit.
‘Electronic Wallet’ Strategy Aims to Help Alleviate Poverty in Eight Countries
Pledge includes six promises to uphold customer rights.
A new name and tagline to reflect our positioning and mission to the poor
$24.2 million in new funding from the Bill & Melinda Gates Foundation to help agency expand services in 11 new countries.
Opportunity International receives a $1.2 million grant from the John Deere Foundation to provide increased access to financing for the hunger-afflicted in Africa.
The Bill & Melinda Gates Foundation has funded Opportunity International with a $2.2-million grant to develop a chain of new commercial banks for the poor in Africa
In a country where most transactions are cash-based, farmers have wasted a lot of time in bank lines and have been at the mercy of thieves. Opportunity International Bank of Malawi (OIBM) is bringing change to that financial equation.
Opportunity reached a major milestone in the Philippines, achieving its 2005 target of financing more than 500,000 microbusinesses, operated primarily by very poor women.
Opportunity International Bank of Malawi (OIBM) opened its first satellite branch in the southern portion of the country, to the enthusiasm of local residents.