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John Edwardson Gives $5 Million to Enhance Chicago Booth’s Social Entrepreneurship Program
University of Chicago Trustee and Chicago Booth alumnus John Edwardson has given an additional $5 million gift to his alma mater to support and expand its program for social entrepreneurs, which is part of Chicago Booth’s Social Enterprise Initiative. The newly established program will be called the Edwardson Social Entrepreneurship Program.
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- philanthropy
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Tata Trusts Inks Pact With The/Nudge Foundation
Tata Trusts and The/Nudge Foundation, a Bangalore-based non-profit working on poverty alleviation at scale on Tuesday inked a pact which will help the foundation to innovate on their flagship 'Programme in Life Management' in their Gurukuls, build the team needed to scale pan-India and gear up for a growth target of 7X in 2016-17.
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- South Asia
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Report: Microfinance Institution Gross Loan Portfolio Grows 84% In Q4 in India
Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.
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- South Asia
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World Bank Approves US$200 Million Credit to Support Ethiopia’s Small and Medium Enterprises
The World Bank Board of Executive Directors today approved a US$200 million International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia.
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- Sub-Saharan Africa
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MTN & EcoCash launch sub-Saharan Africa’s first operator-to-operator cross-border remittance channel
EcoCash and MTN Zambia officially unveiled a remittance partnership that will enable MTN customers in Zimbabwe’s northern neighbor to send money into the country via the mobile platform MTN Money Wallet.
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- Sub-Saharan Africa
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MasterCard Commits Up to $1 Million to Advance Financial Inclusion in Rwanda
The MasterCard Centre for Inclusive Growth has committed up to $1 million over the next three years in order to advance economic growth and financial inclusion in Rwanda. The funds will be used to deliver a holistic mix of tools and resources, providing an opportunity to connect micro-entrepreneurs in Rwanda to the formal economy. This will help them to expand their business.
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- Sub-Saharan Africa
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Letter from Mindanao, Part 2: Rural banking and the promise of cacao
In part two of his exploration of the effects of ASEAN integration on banking in the Philippines, Bruce MacDonald discusses the value of targeting hard-to-reach rural clients with microfinance, SME and agricultural loans. Of particular importance: loans for cacao production, as the country is ideally placed to help address a global cacao shortage that could reach a million metric tons by 2020.
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FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration
Today global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership will vastly improve FINCA's outreach to excluded populations.
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- Uncategorized
- Region
- Sub-Saharan Africa
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