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Citi, OPIC and Ford Foundation Launch Scaling Enterprise, a $100MM Financing Partnership to Support Social Enterprises
Citi Inclusive Finance, the Overseas Private Investment Corporation (OPIC) and the Ford Foundation today introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. The announcement was made at the 2019 SOCAP Conference.
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On the Ground at SOCAP19: Live Interviews and Insights from the Social Impact Sector’s Flagship Event
NextBillion’s editors are on the ground at SOCAP19, live-tweeting from panels, conducting live interviews, and providing coverage of key conversations and innovators. We’ll be updating this blog regularly from Wednesday to Friday. Also, we’ll be broadcasting live Q&As with thought leaders in social impact from 11:00 am – 12:00 pm PST on Wednesday, and 2:00 – 3:00 pm PST on Thursday. You can view them live at NextBillion’s Facebook page, and we’ll embed the videos here after they’re over.
- Categories
- Investing, Social Enterprise
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RSF-Purpose Initiative Responds to Demand for Mission-First Business Models
A grassroots global movement is emerging behind mission-first business models rooted in stakeholder governance—rather than shareholder control—and RSF Social Finance and the Purpose Foundation are collaborating to help that movement grow. Today they released a report that serves as a handbook for companies exploring alternative business structures and financing.
- Categories
- Environment, Finance, Investing, Technology
- Tags
- business development, ESG, research, scale
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Facebook, Visa among the stocks with high ESG marks — enough to outrun the S&P 500
Companies that improve their environmental, social and governance reputations outperform the S&P 500 — major technology and financial services firms among them.
- Categories
- Environment, Finance, Investing
- Tags
- ESG, sustainable business
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The Highs and Lows of Creating the World’s First Social Stock Exchange
The budget proposal by India’s finance minister Nirmala Sitharaman, in July, to create an SSE in the country is a positive sign—a broader commitment to support inclusive growth.
- Region
- South Asia
- Tags
- impact investing
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It’s That Time Again – Here’s Your Official SOCAP19 Conference Preview
October is in full swing, and that means it’s time for SOCAP – the 12th annual gathering of investors, entrepreneurs and others helping to drive mission-focused business. It all happens next week, when SOCAP19 will host over 500 speakers and hold more than 150 breakout sessions at the Fort Mason Center for Arts & Culture in San Francisco. Team NextBillion will be there too - here's what to expect.
- Categories
- Investing, Social Enterprise
- Tags
- impact investing
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Future Returns: Impact Investing in Latin America
Latin America, a region of over 630 million people, has emerged as a space for impact investors to seek market-rate returns.
- Categories
- Investing
- Region
- Latin America
- Tags
- impact investing
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Sallie Krawcheck’s Ellevest Launches Women-Focused Impact Investment Platform
Krawcheck, who previously served as CEO of Merrill Lynch Wealth Management, Smith Barney and chief financial officer of banking giant Citigroup, said cutting-edge financial technology tools and the heightened awareness of socially conscious investors make it possible to offer clients choices on such a granular level.
- Categories
- Investing
- Region
- North America
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