Posts Tagged ‘Citibank’

Microfinance Focus, July 6, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Citibank to push for shariah-compliant microfinance banks: Citibank will push the idea of establishing Shariah-compliant microfinance banks for the needs of millions of Muslims, left financially excluded because of Islam’s prohibition on interest, a senior official said on Monday. “There are large microfinance ... Full story

Microfinance Focus, Dec. 11, 2009: Citibank, NA, in Bangladesh has said that it will raise $29 million syndicated facility to provide loans to small and medium enterprises in the country. This local currency facility will be given to BURO, a leading microfinance institution and SME financing NGO (non-government organisation) in Bangladesh. The facility will be utilised by BURO to provide credit at a reasonable rate to SMEs ... Full story

Microfinance Focus, Sept. 11, 2009: ACCION International, a global leader in microfinance, has named Michael Schlein as its new President and CEO. Schlein, President of International Franchise Management at Citigroup, will succeed María Otero, who was recently appointed U.S. Under Secretary of State for Democracy and Global Affairs, said a statement. Full story