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296 results for "lending"
Nigeria's largest telecom operator is bringing back its popular Xtratime service after regulators suspended strict new lending rules. Millions of customers will soon be able to borrow airtime and data again when they run out of credit.
A new partnership is bringing blockchain technology to Indian agriculture, making it easier for farmers to get loans using their crops and equipment as collateral. The pilot program could transform how rural communities access financial services.
While competitors rush to approve loans in minutes, one Nigerian microfinance bank is proving that slowing down might be the smarter strategy. By taking 24 to 48 hours to verify borrowers, Nombank has achieved a stunning 1% default rate in a market where 8% is typical.
A California community bank is proving AI can fight inequality. Their new credit tool increased loan approvals for BIPOC communities by 21 percent while staying true to social justice values.
Michigan just handed out $500,000 to four groups creating new ways for homeowners and businesses to afford clean energy upgrades. The grants will train lenders, develop financing tools, and make green projects accessible to communities across the state.
After 35 years of partnership, Poland's economic transformation has been so successful that it will soon no longer need World Bank loans. The new 2026-2031 framework shifts focus to innovation, private investment, and sharing Poland's success story with other developing nations.
A fintech company just helped one million Nigerians access their first smartphones and loans worth ₦231 billion. For informal workers long ignored by banks, it's changing how they earn a living.
While libraries close across the US and UK, Finland is expanding its 700+ libraries into community hubs where people borrow everything from sewing machines to podcast studios. The result? Nine library visits per person yearly compared to just 2.5 in Britain.
After floods destroyed over 10,000 vehicles in Chiba, a nonprofit is stepping in with free car loans for families who lost their transportation. The Japan Car Sharing Association has been turning disasters into opportunities for generosity since 2011.
When a heavy metal band's van broke down 500 miles from their next show, a 60-year-old Wisconsin stranger handed them his truck keys for days. Ernie's act of trust helped The Autumn Kings finish their tour and delivered what they call their best performance ever.
A Nigerian fintech company just proved that small businesses can be excellent borrowers when given the right tools. Nomba's innovative lending approach is unlocking credit for thousands of businesses previously shut out by traditional banks.
As print subscriptions decline, a Japanese newspaper is giving its printing presses new life by sharing them with independent magazine creators. The move supports a thriving zine community that's drawing thousands to Tokyo fairs.
When Pope Leo XIV's flight home from Spain hit a snag, King Felipe VI offered an unexpected solution. The gesture capped off a historic papal visit that drew over a million people.
When a suspect fled on foot in Montgomery County, a quick-thinking neighbor handed over their bicycle to help police make the catch. The unusual assist ended with an arrest and a heartwarming thank you from local officers.
When Pope Leo's charter plane wouldn't start in the Canary Islands, Spain's King Felipe VI had the perfect solution: take mine instead. The unexpected gesture turned a three-hour travel headache into a heartwarming display of international friendship.
A Nigerian fintech and bank just proved that smart lending can work even in tough economic times. While bad loans across Nigeria's banking system climbed to 7%, Nomba and Globus Bank kept defaults under 1% by using real-time business data instead of paperwork.
A digital lending platform just secured government backing to help thousands of Malaysian small businesses get loans in hours instead of weeks. The partnership shows how fintech can finally reach the 96% of companies traditional banks often overlook.
Kenya is introducing new rules that require all lenders to prove borrowers can afford loans before approval, tackling dangerous default rates in one of Africa's biggest digital lending markets. The change protects millions of mobile loan users from falling into debt traps.
New research shows countries lose 9% more forests during IMF loan programs, but the fund is now reviewing its lending approach. This could reshape how global finance protects nature while helping struggling economies.
Nigeria's biggest payment companies are becoming banks, and it's transforming how millions access credit. By collecting deposits and lending them back to small businesses, fintechs like Paystack and Flutterwave are building a new financial system from the ground up.
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