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Pay-It-Forward Model Shows Potential for Microfinance in Developing Nations
Ten years ago, microfinance was celebrated with the Nobel Peace Prize for its potential to break people out of poverty. Today, the microfinance industry has grown to hundreds of institutions serving more than 150 million borrowers in the developing world, but is widely criticized for exploiting the world’s poor and, ultimately, making poverty worse.
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- Uncategorized
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- lending, microfinance
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11 Social Incubators in India That Are Helping Startups & Social Enterprises Transform Lives
While starting a for-profit business is no easy task, starting a social enterprise is tougher still. Lack of funds, knowledge resources, manpower… the hurdles are endless. These social incubators mentor, guide and advise entrepreneurs, helping them navigate the choppy waters of social entrepreneurship.
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- Uncategorized
- Region
- South Asia
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- incubators
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Examining Zimbabwe’s Cash Withdrawal Limit
Zimbabwe banks have introduced a number of stringent measures targeted at limiting cash withdrawals.
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- Region
- Sub-Saharan Africa
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Skoll Foundation Announces Five $1.25 Million Skoll Awards for Social Entrepreneurship
Kicking off this week’s 13th Annual Skoll World Forum, the Skoll Foundation announced the six recipients of the 2016 Skoll Award for Social Entrepreneurship.
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Bharti Airtel-Kotak Mahindra Bank JV Gets Payment Bank License From RBI
India's largest carrier Bharti AirtelBSE 4.20 % received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
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- Uncategorized
- Region
- South Asia
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Viewpoint: Business Fails the BOP
Businesses have made significant strides in the last 40 years, identifying innovations that make serving the world’s poorest profitable. Single-use packets developed by giants like Proctor and Gamble made fast-moving consumer goods affordable. Mobile technology leapfrogged conventional telecom in Africa, improving connectivity and reach. Capital inflows from micro-financing opened small business opportunities for billions. These innovations, and many others, have enabled multinational corporations to enter emerging economies and create profitable products and services at scale.
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- Uncategorized
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Can Bitcoin Be Used for Good?
Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts.
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Nomanini Integrates With M-Pesa for Merchant Cash-In
South Africa-based enterprise payments platform provider, Nomanini has announced it has integrated with M-Pesa in Mozambique, enabled via its local country partner, Mozambique Mobile Solutions (MMS). The move will allow merchants to use mobile money agents to top up their virtual vending accounts on Nomanini terminals.
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- Uncategorized
- Region
- Sub-Saharan Africa
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