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Step by Step Credit: Empowering the Unbanked through Progressive Finance
Despite notable progress in the financial inclusion sector, widespread, permanent change remains elusive. The good news, says Aristotle Socrates at Juvo, is that not only is this change possible, but everything we need to make it happen already exists. In fact, it might be as easy as setting aside long-held assumptions about the role of wealth and income in establishing credit. He outlines how improved data infrastructure is connecting lenders to creditworthy customers, producing big gains for both providers and the financially excluded in the developing world.
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- Finance, Telecommunications
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Looking Past the Buzz: Here’s How to Make Blockchain a Pragmatic Force for Good
Blockchain is often associated with extreme wealth and a disregard for environmental realities, such as electricity use. But Will Szal of Regen Network holds a different view: one that sees the technology's potential to offset carbon emissions and transform the lives of the next billion, particularly the one-fourth of the world's population employed in agriculture. He outlines some ways that blockchain could reach its full potential, for the benefit of the environment and the global poor.
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- Agriculture, Environment, Technology
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Home Solar + Microfinance: Mitigating Risks and Maximizing Rewards
The social impact of home solar systems in off-grid villages has shown itself to be broader than initially thought. But while social enterprises continue to roll out new forms of solar, financing their purchase can put these innovations out of reach for the low-income households that need them most. Mark Roesink of Oikocredit shares how weaving responsible microlending into the solar industry could generate greater impact for energy access in emerging markets like India and Kenya.
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- Energy, Social Enterprise
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Don’t Throw the Banks Out with the Bathwater: Why the 2017 Findex Shows Opportunity for Microfinance Institutions
The World Bank's most recent Global Findex report has cast significant doubt on the lofty goal of universal financial access by 2020. Signs point to the slowing of financial inclusion in many places, raising questions as to how regulated microfinance institutions should respond to the emergence of mobile money and other fintech disruptors. After examining the numbers, here’s why Scott Graham of FINCA International argues that traditional banks still serve a vital purpose.
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- Finance
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Saved by a ‘SAFE’: Three Lessons from a Broken Impact Investing Deal
Many in Silicon Valley's tech investment sector are familiar with the founder-friendly financial instrument known as the “Simple Agreement for Future Equity" (SAFE). SAFEs are commonly used, yet they're often misunderstood by entrepreneurs – and they're not always beneficial for investors. Will Poole of impact investing firm Capria reflects on an experience with a SAFE that went wrong, involving a South America-based entrepreneur with an apparently promising social enterprise. Poole presents three lessons learned about the importance of business integrity, simplicity and luck.
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- Investing, Social Enterprise
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Adversary to Ally: Why My Social Enterprise Joined Forces with a Competitor
"Collaboration" is a popular buzzword in the social impact sector, but many energy access firms ventures invariably find themselves vying with one another for customers and resources. Anya Cherneff, founder of Empower Generation, chose a different direction to grow her business' mission of empowering rural female entrepreneurs: She joined forces with Pollinate Energy – a key competitor. Cherneff discusses the decision – and its ongoing impact on both companies – in this insightful post.
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- Energy, Social Enterprise
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Making Agritech Work for Smallholders: What Tech Companies Can Learn from Development Organizations
Agritech proponents argue that technology is the key to helping the world's 500 million smallholder farmers. Yet despite countless ‘ICT for development’ companies and projects, these solutions often fall short of their intended impacts. This raises an important question: Can the methodologies that have proven successful for many tech startups work for the complex, interrelated challenges faced by smallholders? Wouter Vink of GreenFingers argues that there's a better approach.
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- Agriculture, Social Enterprise, Technology
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Before the Handshake: How to Make Corporate-Social Enterprise Partnerships Work
At first glance, value chain partnerships between corporations and small enterprises in developing markets appear to benefit both parties: Corporations gain financially while creating social and economic benefits for low-income communities. On closer inspection, however, these partnerships' results can vary. The Clinton Giustra Enterprise Partnership and Intellecap have learned lessons from serving as intermediaries in these relationships. James Jenkin and Lindsay Clinton address the most common questions from organizations hoping to build similar partnerships.
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- Agriculture, Social Enterprise