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Thursday, December 20, 2012 — No Region Specified

5 development innovations to watch in 2013

Source: Devex

Although this year had welcome news about poverty rates falling across the globe, almost two and a half billion people still get by on less than $2 a day. Innovative solutions for tackling global poverty are needed as much as ever. Here are five development innovations to watch in 2013:

TAGS:Base of the Pyramid, microinsurance, poverty alleviation

Wednesday, October 31, 2012 — Asia Pacific

Micro Benefits to be Recognized at the G20 Summit for Improving the Livelihoods of China's Factory Workers

Source: Market Watch Press Release

SUZHOU, China, Oct 31, 2012 (BUSINESS WIRE) -- In collaboration with the G20 Mexico Summit, Ashoka Changemakers(R) has named Micro Benefits one of five finalists in a worldwide social impact competition - the G2012 Mexico Financial Inclusion Challenge: Innovative Solutions for Unlocking Access. More than half the world's population - some 2.7 billion adults - lack access to basic financial services such as affordable credit, savings and insurance products.

TAGS:conferences, financial inclusion, microcredit, microinsurance

Wednesday, September 12, 2012 — Latin America

Haiti insurance firm receives $2 million in equity to expand services to the poor

Source: Montreal Gazette

PORT-AU-PRINCE, Haiti - A non-profit set up by former U.S. Presidents Bill Clinton and George W. Bush after the 2010 earthquake has given $1 million in equity to an insurance firm based in Haiti.

TAGS:IDB, microinsurance, poverty alleviation

Wednesday, June 13, 2012 — Sub-Saharan Africa

The Microinsurance Revolution

Source: The New York Times

Six years ago David Patient felt his immune system slipping. He had been H.I.V.-positive for a long time, but now he made two decisions: He started on antiretroviral medicines to protect himself, and he began trying to buy life insurance to provide for his partner.

TAGS:health care, microinsurance

Thursday, April 12, 2012 — Asia Pacific

Microinsurance in Rapid Expansion Says ILO, Munich Re Report

Source: Insurance Journal

According to the Microinsurance Innovation Facility of the International Labor Organizationand the Munich Re Foundation, “the number of microinsurance schemes worldwide has increased substantially over the past five years and now reaches an estimated 500 million worldwide.”

TAGS:Base of the Pyramid, financial inclusion, microinsurance

Monday, March 26, 2012 — Asia Pacific

Microfinance Experience in PHL Shows the Poor Can Be Insured

Source: BusinessMirror

The Philippine success in extending microfinance credit to the poor shows that this sector at and below the poverty threshold could also become worthy of insurance coverage, the Insurance Commission here said.

TAGS:Base of the Pyramid, Microfinance, microinsurance

Wednesday, August 10, 2011 — North Africa and Near East

SMES In Egypt, Jordan to Benefit from $500 Million in U.S. Loans

Source: Devex News

The Overseas Private Investment Corp., an independent agency of the U.S. government, secured $500 million for a lending facility , of which half will be provided to Egypt and the rest to Jordan. OPIC will guarantee loans by local banks to SMEs, microfinance institutions and other approved borrowers. By filling in the gap in access to credit by SMEs in Jordan and Egypt, the initiative aims to spu...

TAGS:microinsurance

Monday, January 17, 2011 — Sub-Saharan Africa

Majority of Microfinance Beneficiaries are Women

Source: Zawya

AMMAN - Vast majority of loans for micro projects in Jordan were extended to female entrepreneurs over the past few years, a recent study showed Sunday. According to the Arab Microfinance Regional Report, launched yesterday, women borrowers for micro projects represented over 70 per cent of total people who had access to micro credit facilities. Experts from lending institutions expected the trend of funding schemes run mainly by women to continue in the coming years. During...

TAGS:microinsurance