Africa’s debt rises: Chinese loans to the continent exceed $ 140 billion

Africa has experienced a slowdown in economic growth and the prevalence of the Covid-19 pandemic has exacerbated the flow of funding needed for ongoing infrastructure development projects. Fearing a default, a number of African countries are renegotiating loan terms with Chinese entities, including postponing interest payments and suspending unsustainable projects. …

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Using call centers for CU loan applications

Credit unions have earned a reputation for member satisfaction because of their member-first mindset and the intimate relationships they seek to build through person-to-person interactions. Like most consumers, CU members have altered their banking habits to help navigate the restrictions set during the pandemic, but digitally-focused methods can at times …

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Bankable launches new loan fund for black-owned businesses

Bankable, an Anderson-based nonprofit that supports small businesses in Indiana, has launched a new loan fund for black-owned businesses. The Indiana Black-Owned Business Loan Fund, which Bankable officially announced on Tuesday morning, kicked off about two weeks ago. By Friday he had already received a dozen applications and at least …

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