XacBank Promotes Mobile Banking, Mass Consumer Adoption in Mongolia
Bold Magvan, President of XacBank, was featured this month on a roundtable on mobile banking for the bottom billion, in a panel organized and moderated by CGAP. He highlighted the challenges to serving Mongolia’s poor, including geographic and climactic barriers. Mobile banking including the use of mobile phones that creates synergies with pre-existing networks of suppliers such as gas stations, can be a conduit for providing clients cost effective, efficient, and speedy access to money, he said. R ... more
Posted: December 2008 : read more...
Plantersbank Boosts Partnership with Netherlands FMO and SMEs
Small and Medium Enterprises in the Philippines can look forward to a boost in services with a recent institutional partnership between the Dutch FMO and Plantersbank. Netherlands FMO director for Asia visited Manila recently to affirm the partnership, and to focus on the promotion of SMEs. The FMO has been a Plantersbank institutional shareholder since 1983.
FMO and Plantersbank formed a Manila-based training and consultancy arm to promote best practices among development banks. You can r ... more
Posted: December 2008 : read more...
Reliance Partners with Africell to Provide Mobile Phone Access Throughout The Gambia
Africell, the largest GSM company in The Gambia, has partnered with Reliance Financial Services to help each and every individual in the country to access a brand-new mobile phone. “We know that the only barrier that prevents most Gambians from having universal access to Telecommunication is financial deficiency,” said Papa Leigh of Africell. Under the partnership, customers will pay as low as 100 Dalasi/month (4.81 USD), and receive a brand new Nokia Phone plus new Africell Sim Card followed by a credit all ... more
Posted: July 2008 : read more...
BASIX India helps with the rapid development of Jharkhand Province:
BASIX loans and technical assistance have been instrumental in the development of eight-year-old Jharkhand Province. More than 500,000 farmers in the province, where Pepsico India Holding Ltd, Fritolay division, has established a project to grow and buy potatoes, have participated. BASIX assists them with every livelihood activity, from potatoes, peas to dairy, lac and tussar.
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Posted: July 2008 : read more...
ShoreCap HR Forum Podcast
Please view our podcast on the highlights of our Spring HR Forum, “Leveraging Human Capital for Performance and Growth,” held on May 19-21, 2008, in Luxembourg. Prepared by Oxana Holtman for Exchange, the podcast talks to why we thought of holding the Forum, what participants expected and what we all learnt! Topics in the Forum ranged from recruitment and retention strategies to performance management systems, job competencies, and incentive system design.
To read more about the Forum, cli ... more
Posted: July 2008 : read more...
ShoreCap Network Continues to Expand as Two Partners Open New Branches
Reliance Financial Services (RFS) has inaugurated a new branch in Sukuta, Kombo North, Western Division. Sukuta is a key location for the Gambian economic development agenda, which aims to reduce poverty by 50% by 2015. The opening ceremony was attended by dignitaries including Mrs. Sainabou Faal, Assistant Governor of the Western Division, and Hon. Adama Cham, National Assembly Member for Kombo North, who lent their support to Reliance’s efforts.
In addition, on June 16 XACBank upgraded its operations in t ... more
Posted: June 2008 : read more...
XACBank Hosts 11th MFC Conference, "Clients and Institutions: Growing Together"
On May 29-31, 2008, XACBank hosted the 11th MFC Conference, “Clients and Institutions: Growing Together,” in Ulaanbaatar, Mongolia. The conference offered an opportunity to explore topics affecting microfinance throughout the MFC region, ranging from consumer protection and financial education issues, to the latest use of technology and innovative microfinance products, to social performance measurement. The MFC was joined in hosting this event by XacBank, Ulaanbaatar, Mongolia.
The conference focused ... more
Posted: June 2008 : read more...
BRAC Bank launches branchless banking
BRAC Bank Limited, a leading private commercial bank, launched Wednesday a branchless banking 'e- lobby' without manpower, the first of its kind in Bangladesh.
The new e-lobby, which offers the same financial services as the physical branches, will deliver faster and real-time services to the customers and reduce operational costs. It offers four Automated Teller Machines (ATM), three Cash Deposit Machines (CDMs), seven Internet Banking PCs and three direct connections to Bank's phone Banking. Initially, the bank ... more
Posted: May 2008 : read more...
K-Rep Launches Additional Business Lines
On April 21, 2008, K-Rep Bank announced a change of business model to include institutional and commercial banking, in addition to its core microfinance banking business. The additional business lines are part of its growth strategy aimed at increasing its customer base among the un-banked and small and medium scale businesses. The bank is also eyeing additional income from these two segments. The change includes plans to double its branches across the country by 2010. Currently, the bank has 25.
Banks like K-Rep, ... more
Posted: April 2008 : read more...
ShoreBank Founders to Receive Notre Dame Business Ethics Honor
Ronald Grzywinski and Mary Houghton, two of the four founders of Shorebank, received the Theodore M. Hesburgh Award for Ethics in Business on Tuesday, April 22, 2008 from the University of Notre Dame Institute for Ethical Business Worldwide and Center for Ethics and Religious Values in Business. The reward was made in recognition of Shorebank’s efforts since its founding in 1973 in spurring the revitalization of Chicago’s south and west side neighborhoods by providing individuals, small businesses, faith-base ... more
Posted: April 2008 : read more...
