Many organizations have discovered that it's difficult to bring comprehensive and sustainable financial capability to the BoP. Recognizing that financial education is complex, and influenced by the clients' environment, MicroSave has developed a framework for those planning interventions, including four key lessons should be at the forefront of any design.
From Beneficiary to Customer: 40K Transitions from School-building Charity to Edtech Social Enterprise
It took five years for 40K to build its first school in India. Over that time, the organization learned a lot about the key barriers that were preventing quality education from proliferating in rural areas. Over the next two years, 40K transformed from a school-building charity to an edtech social enterprise. Clary Castrission, founder and CEO, explains why, and how the transition is progressing.
If you manufacture a phone that comes with apps advertising to low-income consumers, can you sell it for as little as $1? The folks at SocialEco think so. Other items NextBillion's editors came across for this week's Roundup included a concentration on wealth concentration, an unhappy birthday for M-Pesa, plus a presidential Q that will hopefully result in an A.
Demand for secondary schools outstrips supply in parts of Africa. PEAS, which builds and runs not-for-profit secondary schools in Uganda and Zambia, has decided to focus on working alongside an informal coalition of partners, including governments, to create a PPP school movement across sub-Saharan Africa.
On Feb. 15, 'The Economist' magazine hosted a discussion in New York on how impact investing can truly go mainstream. NextBillion was a media partner at the event, and we've compiled 12 memorable and sometimes unexpected insights from panelists throughout the day.