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Viewpoint: Dirty Money and Development
Dirty money—MNCs’ undeclared profits, the proceeds of corruption, etc.—can play a large role in ending poverty.
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Announcing the Most-Influential Post of 2014
Our most-influential post of the year, as voted by our readers, was by a first-time NextBillion contributor in 2014. One might be tempted to declare beginner’s luck, but not in this case.
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Community Foundations Embrace Impact Investing
A small, but growing, number of community foundations are starting to embrace impact investing in a big way.
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- impact investing, lending
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Lok Capital aims to raise $45 million fund by June
MUMBAI: Lok Capital, the Rockefeller Foundation-backed impact investor, aims to raise $45 million (about Rs 270 crore) by June as part of the initial close of its third India-focused fund. Lok Fund III, announced a couple of months ago, has a final target corpus of $100 million and expects to raise capital commitments from development financial institutions such as International Finance Corporation (IFC), Proparco and CDC Group.
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- South Asia
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Kerala to Build Largest Social Entrepreneur Network of Women
After the success of its women empowerment initiatives such as Kudumbashree — a women oriented, community-based, poverty reduction project — and She-Taxi, South Indian state Kerala is gearing up to set another landmark seeking to create the country’s largest social entrepreneurship network of women.
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- South Asia
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NexThought Monday – Second Chances in Global Development: How savings and lending groups can achieve what microcredit hasn’t
Jeffrey Ashe’s early research on behalf of USAID helped make microfinance a global development phenomenon. He now believes that savings and lending groups could have an impact that’s just as profound, but with a key difference: while microfinance struggles to reach the very poor, he says, savings and lending groups are expressly designed to meet their needs.
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- savings
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How ‘Desh’ Deshpande Is Helping Indian NGOs Scale Up
Tech billionaire Gururaj 'Desh' Deshpande is helping NGOs scale up and sustain philanthropy initiatives on their own steam. His formula for self-reliance is relevance followed by innovation.
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- South Asia
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Viewpoint: Charity and Investment Should Work Together
When it comes to our greatest social and environmental challenges, let’s first ask: What problem are we trying to solve? Once we know where we’re headed, we can better understand which methods and resources are most needed. Charity and social enterprise both have critical roles. Increasingly, we are seeing the ways charity and social enterprise and investment can work together effectively – along with smart government policy – to drive real and lasting change.
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