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Over 60 Financial Giants Line Up to Partner With India Post
The vast legacy network of India Post, once perceived to be unwanted baggage and a huge financial burden, is turning out to be its biggest strength. Top global financial firms Barclays, Citibank, Deutsche Bank, Western Union, Visa and domestic giants State Bank of India and Punjab National Bank are among over five dozen companies that have queued up to partner with the payments bank arm of the country's postal department.
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- South Asia
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Indian Microfinance Self-Regulator Acts to Ward Off Danger of Over-Indebtedness Crisis
The Andhra Pradesh microfinance crisis that put the entire sector on the verge of collapse is still fresh in everybody's mind and MFIN is no exception. Before the crisis, the sector was known for 100% growth year after year while borrowers took loans beyond their capacity to repay leading to the undoing of many of the leading micro lenders.
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- South Asia
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- lending, microfinance
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How Five College Friends Turned a Social Enterprise Into a Million Dollar Business
College friends building a business into a million-dollar brand using recycled paper beads isn’t the average fashion startup story.
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- Sub-Saharan Africa
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What’s a Sustainable Company? It’s Hard to Define
How do you know if a company or mutual fund is socially responsible or not? It depends on whom you ask, which can be frustrating for an investor but isn’t likely to change soon.
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Former Bike Snatcher Learns to Share, Builds Successful Social Enterprise in South Africa
As a teen, Jeffrey Mulaudzi’s obsession with bicycles got him arrested for stealing one. But now the 22-year-old from Alexandria township in Johannesburg, South Africa,is a proud owner of a bike sharing company that employs six other people and provide bike tours for tourists who want to visit Alexandria.
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- Sub-Saharan Africa
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Viewpoint: Social Entrepreneurship by the Billions
An audacious effort to provide digital ID numbers throughout India illustrates the potential for large-scale change.
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- South Asia
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Schwab Foundation recognizes social innovators around the world
This year, Poonam Bir Kasturi, who founded Daily Dump, is among the awardees. Winner of the 2015 India Social Entrepreneur of the Year (SEOY) Awards, conducted by the Jubilant Bhartia Foundation, a not-for-profit organization established by the Jubilant Bhartia Group in association with the Schwab Foundation, Kasturi is looking to encourage people to take up composting at their homes with a range of attractive-looking composters.
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Kiva Cofounder Raises $9.2 Million For A ‘Branchless Bank’ For The Developing World
For his new concept of a “branchless bank,” Flannery’s going the startup route with some of Silicon Valley’s best known investors.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance