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Immigrants Create Jobs – Small Loans Can Help: New Research on the Impact of Supporting Underserved Entrepreneurs
Did you know that immigrants and their children have helped found 60 percent of the most highly valued tech companies in the U.S. (currently worth $3.8 trillion)? That statistic highlights a fact that’s being lost in the immigration debate: Recent immigrants are natural entrepreneurs, who create jobs and economic growth for themselves, their families and their communities. Opportunity Fund’s vice president, Gwendy Brown, explores new research showing how small loans can help immigrants and other underserved entrepreneurs build their businesses and maximize their impact.
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Why Social Entrepreneurship is Vital to the SDGs: 15 Award-Winning Entrepreneurs Share their Insights
In recent months, the global development sector has faced some unwelcome news: The world is not on track to reach the Sustainable Development Goals (SDGs). But there is still cause for optimism: The ongoing growth of social business points to possible ways to overcome this slow progress. Mark Horoszowski, CEO of MovingWorlds.org, met with award-winning social entrepreneurs from around the world at the recent SOCAP conference, and asked them how entrepreneurship can help achieve the SDGs. Their responses, compiled here, highlight many of the reasons the sector is moving to the forefront of the global development agenda.
- Categories
- Social Enterprise
- Tags
- global development, SDGs
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Education + Technology = Equality: An Innovative Learning Platform Aims to Go International
All children deserve an equal education, and most people agree on that goal. Yet globally, tens of millions of children are not in school, and many schools struggle to retain qualified teachers. Suren Aloyan founded the social enterprise Dasaran to address these issues in Armenia, through an online platform that offers interactive learning content and communication and assessment tools to schools, parents and students. Aloyan explores the impact the platform has generated so far – and discusses its plans to scale up.
- Categories
- Education, Social Enterprise, Technology
- Tags
- global development, SDGs
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Faster Energy Access Requires Better Data: This ‘Smart Platform’ Aims to Provide It
Despite the Sustainable Development Goals’ ambitious call for universal energy access by 2030, over 2 billion people still lack reliable electricity. Distributed renewable energy technologies could bridge this gap, but most countries suffering from energy poverty have yet to truly embrace them. One solution, say Rebekah Shirley and Monkgogi Otlhogile at Power for All, is for this fast-evolving sector to have more comprehensive and current data. To that end, the organization has built a free, open-access platform that helps users draw meaningful insights about energy access from the latest data. They discuss the platform and its benefits in this post.
- Categories
- Energy
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A Recipe for Change: Can Blended Finance Help Trigger an ‘Impact Revolution’?
There’s a lot of uncertainty about how to mobilize the massive amounts of private capital necessary to achieve the Sustainable Development Goals. One promising possibility, says Christina Moehrle at Roots of Impact, is to explore innovative, “fusion food”-style approaches like blended finance – a growing market with over $100 billion mobilized to date. She explores blended finance’s potential to empower small businesses to reach impact at scale – along with the challenges of aligning both public and private stakeholders around impact.
- Categories
- Investing
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Chopping Block to Starting Block: How OPIC (Now IDFC) is Writing the Next Chapter in U.S. Development Finance
The Overseas Private Investment Corp. (OPIC) just survived a near death experience. The agency was among the proposed cuts when the Trump administration came into power and began budget negotiations. But with the passage of the BUILD Act, OPIC will transform into the U.S. International Development Finance Corporation, with a new budget and a new set of financial tools. We caught up with David Bohigian, Executive Vice President of OPIC, at SOCAP18 to find out what these changes mean for entrepreneurs and others seeking development finance.
- Categories
- Finance, Investing, Social Enterprise
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Financing the Energy Access Revolution: Three Technologies That Are Driving Africa’s Momentum
Technology has become central to the energy access story in Africa. It’s an essential part of all the key stages of an enterprise’s work – from raising the initial capital and financing the equipment, to designing and delivering the final product itself. And the new possibilities opened up by technology are increasingly seen as potential game-changers, in a region where some 590 million Africans – around 50 percent of the population – are still without access to electricity. Ben Good, the CEO of Energy 4 Impact, explores three areas in which tech-driven approaches – from crowdfunding to cryptocurrency – are making an impact.
- Categories
- Energy, Social Enterprise, Technology
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You Can’t Change What You Can’t See: Taking America’s Financial Health Pulse
Last week, a new FDIC survey revealed that the number of unbanked U.S. households has reached the lowest point since the survey started in 2009. Meanwhile, advances in fintech and a strong overall economy suggest that the financial prospects of most Americans should be looking up. But as Center for Financial Services Innovation president Jennifer Tescher points out, the story is not that simple. In reality, she says, a massive number of Americans are struggling financially. She explores this and other troubling findings in the U.S. Financial Health Pulse, a landmark new study that aims to show the true picture of Americans’ financial lives.
- Categories
- Finance
