Microfinance institutions provide financial services like loans to poor entrepreneurs who lack access to traditional banking due to lack of credit history or collateral. These entrepreneurs use the loans for productive purposes to grow their businesses and improve their lives. Microfinance funds invest in a diversified portfolio of microfinance institutions across many countries to achieve stable returns while creating positive social impact. KWFT in Kenya is an example of a microfinance institution that focuses on empowering women entrepreneurs through financial inclusion and a wide range of products.
Pathway Lending, the Tennessee Bankers Association, and the Tennessee Housing Development Agency are working together to identify qualified developers, underwrite loan requests, and participate loans with Subscribing banks.
These loans provide developers with a long-term, fixed rate, permanent mortgage for their Low-Income Housing Tax Credit awarded developments. These loans also play a major role in improving economic conditions, incomes, taxes, and jobs in low-income communities across Tennessee.
MSC Malaysia Industry Dialogue
Financing ICT SMEs & Micro SMEs
8 April 2010
Berjaya Hotel & Convention Center, KL
Mr. Aliman Ali, Assistant Vice President / Head Operations 1, SME Bank
Pathway Lending, the Tennessee Bankers Association, and the Tennessee Housing Development Agency are working together to identify qualified developers, underwrite loan requests, and participate loans with Subscribing banks.
These loans provide developers with a long-term, fixed rate, permanent mortgage for their Low-Income Housing Tax Credit awarded developments. These loans also play a major role in improving economic conditions, incomes, taxes, and jobs in low-income communities across Tennessee.
MSC Malaysia Industry Dialogue
Financing ICT SMEs & Micro SMEs
8 April 2010
Berjaya Hotel & Convention Center, KL
Mr. Aliman Ali, Assistant Vice President / Head Operations 1, SME Bank
Microfinancing is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. The objective is uplifting the economic activity at the lowest strata of the population. The generation of economic activity would alleviate poverty through the creation of income and employment opportunities.
Summer Training Report of Role & Implications of Micro-FinanceFellowBuddy.com
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
2. What is microfinance - definition
• Financial products & services for poor people who are excluded from the
mainstream financial system
• Why are they excluded? They lack credit history, they have no collaterals,
and their financial needs are so small they are not commercially
interesting for mainstream banks
• Productive loans: Microfinance focuses on businesses, run by
microentrepreneurs
2
3. What is microfinance - example
3
Elizabeth Kamene Mutua
Outside Nairobi, Kenya
Client of KWFT
Self-started multi-entrepreneur
Here’s her story…
4. Investing in microfinance – the investment chain
4
–Content
Microfinance Institutions
(MFIs)
Microfinance Funds
–Content –Content–Content
Microentrepreneurs in low- and middle-income countries
Microfinance Institutions provide financial services to poor entrepreneurs who are excluded from
the normal banking system, thus providing them opportunities to improve their businesses and their
overall situation.
SEB’s advisor
(Symbiotics), rating
institutions, partners
and network
5. Social aspects
Microfinance investments have a positive social impact
The Micro and SME segment is essential for sustainable economic growth in frontier and emerging markets.
Microfinance is about financial inclusion; it targets low income entrepreneurs who do not have access to the
normal financial system, who do not have collaterals and size to get bank services.
It has a positive impact, where the capital enables businesses to grow, to generate wealth, and to make the
everyday life easier for millions of entrepreneurs and families.
Investing in microfinance – the investment case
5
Interesting portfolio characteristics:
Low correlation with other asset classes
Low financial risk
Short loans, frequent amortizations
Large number of underlying borrowers
Historically very low default rates (appr. 0.5%)
with the microfinance institutions
Stable returns
Financial aspects
Cash (Libor 3M USD): 0.56
Bonds (JPM Hedged USD GBI Global): 0.04
Stocks (MSCI World Index): -0.10
Alternatives (HRFX Global Hedge Fund Index): -0.13
Microfinance debt correlations (2003-2016)
7. What one invests in: KWFT, Kenyan Microfinance Institution
7
Microfinance Bank, founded 1991
- Set up by women entrepreneurs in 1991 who wanted to address the
financial exclusion women faced, giving them the same opportunities
as their male counterparties
- One of the largest microfinance banks in Kenya, with more than 200
branches and outlets all over Kenya
- Owned by staff, some 60 000 customers (via Customer Stock
Ownership Program) and two PE investors (Incofin and NMI)
- Very strong social mission, focussing on women empowerment
(Men are now allowed to bank with KWFT, but that has to go via their wives/mothers/daughters)
Financial high-lights (2015)
Number of clients (appr.) 420 000
Number of staff 2 700
Gross Loan Portfolio (USD) 220 000 000
Debt/Equity 4.9
Average loan size (USD) 1 085
Operational self-sufficency 107%
Portfolio at Risk (30 days) 5%
Social Impact high-lights
- 99.5% female clients
- 65% rural operations
- Wide range of products from microcredits, to
agricultural loans, loans for water/renewable
energy units
- Continuously named one of the best
companies, all categories, to work for in Kenya
8. Client examples from Arusha in Tanzania and Varanasi in India
8
Client example 1: working capital for shop owner
• Shop owner, urban location
• Supporting family from shop income
• One employee
• Uses microcredits to finance purchase of larger stocks of
goods from the main markets in Dar es-Salaam instead of
the local wholesalers
• This enables her to increase margins significantly, compared
to purchasing from local sources
Client example 2: solar light
• Basket production, rural location
• Loan to replace kerosene lamp with solar
light
• Safer production environment
• More cost efficient in the long run
9. Client example from Colombo, Sri Lanka
9
Client example 3: growth capital
• Shoe production, rural location
• First loan 6y’s ago; buy equipment, mtrl
• Second loan 4 y’s ago; build production
area (and improve H&S)
• Third loan; expand production area,
storage
The key is that the loans are for productive purposes – they shall create or
add to the business of the clients.
• Enable microentrepreneurs to grow their businesses
• Diversify income streams/create new business
• Make running a business easier
11. Summary SEB Microfinance Funds
11
• Started 2013
• Four funds, only professional investors (so far…)
• Total AUM appr. SEK4.5bn
• Investing in 33 countries
• 87 Microfinance Institutions
• Reaching more than 16.5mn microentrepreneurs
through the MFIs we invest in
12. SEB Microfinance – example of geographical exposure
12
Average Credit Rating BBB+/BBB
Shortest Maturity 18 months Longest Maturity 57 months
13. SEB Microfinance Funds in Short
13
Performance since inception (SEK, net of fees)
Assets Under Management
Fund I & II: SEK500mn each
Number of investees:
Fund I: 38 Fund II: 41
SEB MFF I SEB MFF II
Annual performance (SEK, net of fees)
Fund I: 9.5%
Fund II: 8.5%
14. Summary SEB Microfinance
14
• Invests in MFIs with good quality – social as well as financial
• Offers a well-diversified portfolio – geographically and
currency-wise
• An investment with good returns, which helps entrepreneurs in parts of the world where it is
needed the most
15. Disclaimer
15
This information material has been prepared by SEB and contains general information in relation to financial
instruments marketed, sold or promoted by SEB. Neither this material, nor the products described herein are
intended for distribution or sale in the United States of America, or to any resident of the United States of America
(“US Persons”) and any such use would be unlawful or unauthorised. The information herein is intended only for
use by the intended recipient’s own use in evaluating the basic structure of a potential investment, and may not be
distributed to anyone other than the intended recipient. Although the information herein has been based on sources
deemed by SEB to be reliable, SEB assumes no liability whatsoever for incorrect or missing information nor for any
loss, damage or claim arising from the use of this material. Information on tax (if any) has been based on sources
believed to be reliable, and may be subject to change. It should also be noted that information on tax (if any) has
not been tailored on any individual circumstances of any individual client and in order for you to understand the tax
treatment of investments, you should obtain tax advice.
Past performance is not indicative of future results, which may vary. The value of investments and the income
derived from investments can go down as well as up. Future returns are not guaranteed, and a loss of principal may
occur. If you or a fund invests in financial instruments denominated in a foreign currency, changes in currency
exchange rates may affect the return on the investment. SEB shall exercise care and diligence when performing
asset management services, but SEB assumes no liability for the economic result of the management.
The recipient acknowledge and agree that the recipient is responsible for making an independent judgement in
relation to the product described herein and for obtaining all necessary financial, legal, accounting, regulatory, tax or
any other advice that the recipient deems necessary or appropriate.