Financial inclusion

TBC Bank Uzbekistan will use the funds to boost its lending efforts to promote financial inclusion in Central Asia’s most populous country, with a focus on small- and medium-sized businesses.

The impact investor has collaborated with a social inclusion charity in Bristol to provide wrap around support for tenants in its refurbished homes.

Microinsurance offers financial protection to those most vulnerable to climate threats, but investors are being deterred by misconceptions over the risks involved, according to a new report.

The agreement is focused on boosting foreign exchange liquidity in West African economies, which is crucial for the import of key goods.

One of the largest private banks in Ethiopia is seeking to develop financial services tailored to improve the growth prospects of up to one million small businesses.

Strengthening social enterprises in developing countries improves stability and supports growth, benefitting the global economy, according to speakers at the World Economic Forum in Davos.

Plus, Sienna IM launches biodiversity-focused private debt fund with a target of €200m | EAAIF invests $20m to advance solar energy in Vietnam.

The Swiss investor’s commitments adds to those already made in the fund by a number of other development finance institutions. 

Both lenders aim to drive inclusive growth across the UK by unlocking funding for underserved small businesses that struggle to access finance.

The financing will go to TBC Bank Uzbekistan, the largest mobile-only bank in Central Asia’s most populous country, and will expand loans to women and women-led businesses.