rs saw a 78 percent chance the Fed would

rs saw a 78 percent chance the Fed would

Postautor: zhouyueyue » 13 paź 2018, o 04:44

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NAIROBI, Sept. 26 (Xinhua) -- A Kenyan microfinance company onTuesday officially launched the first mobile-based loans andsavings product.


Maisha Microfinance Bank, in conjunction with Airtel Money, amobile money transfer service owned by telecom operator Airtel,launched the new mobile money solution that will enable customersto access loans in less than two minutes.


"Since we rolled out the product Maglia Antonio Candreva Inter Milano , over 50,000 new accounts havebeen opened in the last one and a half weeks, out of which over20,000 clients have accessed loans," Maisha Microfinance Bank CEOIreneus Gichana said during the launch in Nairobi.


The product Maglia Marcelo Brozovic Inter Milano , named M-Fanisi, offers cash transfer from AirtelMoney to clients' account upon making a loan request and reverse ofthe same upon repayment.


There are 24 large microfinance institutions in Kenya thatprovide approximately 1.5 million U.S. dollars worth of loans toover 1.5 million active borrowers under different interest rates,duration and amounts.


Gichana said her bank receives over 2,000 applications dailyfrom people seeking to access loans.


Kenya has one of the highest financial inclusions in Africa,where the gap among unbankable members of the population hasnarrowed from 20 percent in 2006 to 17 percent in 2016. Enditem


NEW YORK Maglia Tommaso Berni Inter Milano , Sept. 28 (Xinhua) -- The U.S. dollar declined against most major currencies on Thursday as investors took profits from recent gains.


The dollar index, which measures the greenback against six major peers, was up nearly 1.3 percent in the past three sessions amid renewed hope for an interest rate-hike at the end of this year. The index was down 0.28 percent at 93.098 in late trading amid profit-taking on Thursday.


Federal Reserve Chair Janet Yellen said on Tuesday that it's appropriate for the central bank to continue gradually tighten its monetary policy in view of the uncertainties around inflation.


Investors saw a 78 percent chance the Fed would raise rates at its Dec. 12-13 policy meeting, according to CME Group's FedWatch program.


On the economic front, U.S. real gross domestic product increased at an annual rate of 3.1 percent in the second quarter of 2017 Maglia Ivan Perisic Inter Milano , on par with market consensus, according to the third estimate released by the Commerce Department on Thursday.


In late New York trading, the euro rose to 1.1784 U.S. dollars from 1.1752 U.S. dollars, and the British pound climbed to 1.3446 U.S. dollars from 1.3399 U.S. dollars. The Australian dollar decreased to 0.7854 U.S. dollar from 0.7860 U.S. dollar.


The U.S. dollar bought 112.38 Japanese yen, lower than 112.87 yen of the previous session. The U.S. dollar fell to 0.9702 Swiss franc from 0.9722 Swiss franc Maglia Milan Skriniar Inter Milano , and it edged down to 1.2421 Canadian dollars from 1.2455 Canadian dollars.


Lanzhou-Chongqing railway to open to traffic on Sept. 29


Ceremonies held around China to celebrate birthday of Confucius


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