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How a Grassroots Fund Profits From Looking Beyond the Money
It’s something many investors don’t want to hear: Businesses that provide economic opportunity for low-income people in challenging markets around the world require a lot of expensive hand-holding. Harold Rosen, founder of the Grassroots Business Fund (GBF), isn’t afraid to tell them. And, the hand-holding can be worth it.
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- impact investing
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African Development Bank promises Kenya $500 million loan for infrastructure projects
African Development Bank (AfDB) will loan Kenya Sh45 billion ($500m) this year to finance major infrastructure projects in the country.
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- Region
- Sub-Saharan Africa
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India’s Jan Dhan Yojana has helped poor, but financial inclusion still far off
According to a World Bank survey in 2012, only 35% of adults in India had access to a formal bank account and only 8% borrowed from institutional and formal sources
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- South Asia
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Vodafone says policy shortcomings, lack of awareness derailing mobile money growth in India
Vodafone India has said that regulatory hurdles and lack of financial inclusion awareness is limiting the growth of mobile money, at a time when the government is pushing for greater financial inclusion.
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- South Asia
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Rwanda: Central Bank Approvals Delay Crossborder Mobile Money Service
The infrastructure to facilitate the service is ready, but there have been delays in getting the necessary regulatory approvals by the central banks in Rwanda, Kenya and Uganda.
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- Region
- Sub-Saharan Africa
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Twitter Top Ten 2-1-15: Our favorite tweets of the week
Welcome to Sunday! We hope you’re kicking back with a warm cup of coffee or tea, or perhaps something stronger depending on your tastes. And, we hope you enjoy our weekly assortment from Tweets from the week gone by.
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Mind, Society and Behavior – and Financial Inclusion: How should behavioral research inform initiatives at the World Bank and beyond?
Paying attention to how people think, and to how history and context shape their thinking, can improve the design and implementation of development policies and interventions that target human behavior. What does this mean in practice? And how should it apply to financial inclusion efforts, and to the World Bank’s work in particular? Douglas Randall discusses.
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