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Whole Foods Market Launches Campaign to Fight Global Poverty Through Microcredit
Whole Planet Foundation is kicking off its 2015 Prosperity Campaign at Whole Foods Market with the goal of raising $5 million for microlending programs worldwide—enough to help 135,000 people lift themselves out of poverty and start a new life.
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What Impact Investors Can Learn From Microfinance
What has microfinance achieved for the world’s poor? Estimates vary widely, but 300 million people are estimated to be direct beneficiaries of the microcredit movement, and more than $68 billion may be currently invested in the industry, according to a 2010 estimate from the Consultative Group to Assist the Poor, a unit of theWorld Bank.
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Platforms, Not Products, Are the Way to Bring Financial Services to the Poor
In recent years, the banking and finance industries have not done a lot to earn the trust of consumers in the West. But in poor countries, basic financial services can be transformative.
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Time For Indo-US Collaboration in Social Impact Investing: A 5-Point Agenda
With President Obama concluding a successful visit to Delhi, the Indo-US bilateral agenda is now poised to move ahead on nuclear and renewable energy, defence collaboration, trade and investment and several other important issues. However, we at Asha Impact, a social investing and public policy organisation, believe one major issue was not explicitly addressed, both in the official dialogue and the extensive media coverage. An issue that both countries can seize upon to effectively leverage the convergence between India's overriding objective of inclusive growth and the United States' strategic interest in seeing India succeed in its development path.
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- Impact Assessment
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- South Asia
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Study to Offer Microloans to Tijuana Sex Workers
A study that looks at links between poverty and high-risk behavior among Tijuana sex workers will offer loans to a group of 60 women this year. The dollar amount is small— initially about $200 per participant — and the researchers hope that the women will use the money to launch small businesses and find an additional source of income.
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- Health Care
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- Latin America
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BlackRock to Ramp Up Impact Investing
BlackRock Inc (BLK.N) is planning an array of new investment products that will allow clients to invest in addressing large societal issues, such as global hunger or poverty, an executive at the New York-based firm said.
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- Impact Assessment
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IDB to support BoP families in the Dominican Republic with access to credit for home improvements
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication.
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- Latin America
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Can Mobile Banking Revolutionize the Live of the Poor?
In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances.
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