Facebook teams up with Indian firm to help provide loans to small businesses

NEW DELHI, Aug 20 (Reuters) – Facebook (FB.O) is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform.

The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%, Ajit Mohan, Facebook India’s managing director, told a virtual news conference.

Facebook said it would pay off to bolster the small business economy in India as these

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Insuretech startup, aYo partners MTN to provide free insurance to Ivorians through mobile recharge

African insuretech startup, aYo has partnered with African telecom giant, MTN, to launch two services aimed at providing free health and life insurance covers to millions of people in Ivory Coast through mobile recharge.

The services are aYo Recharge and aYo Kash. aYo Recharge would reward MTN MoMo users with free accident hospitalisation cover and life cover. Whenever a user buys airtime through their MoMo wallets, they get 8 times that amount as accident cover and 12 times that amount as life cover.

aYo Kash offers cover for illness, accident and life. Each time a user sends money, pays a

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Digital Platform to Provide Non-Interest SME Financing in Nigeria

Friday, August 13, 2021 / 11:00 AM / by Bukola
Akinyele-Yisau for WebTV / Header Image Credit: WebTV

Proshare Nigeria Pvt. Ltd.

Fintech will improve non-interest SME financing for
Shariah-compliant entrepreneurs in Nigeria with innovative products and
services. Mr. Bashir Yusuf, the Founder/CEO of ‘eTijar’, a non-interest finance
and investment platform, made this point while discussing “Leveraging Fintech
to Deepen Nigeria’s Non-Interest Market”

Speaking on the operations and strategy of eTijar in
Nigeria, he said the platform started in 2018 to provide non-interest
shariah-compliant SME financing in Nigeria. This also involves
lending, which is to be done

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