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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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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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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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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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A Visionary Approach to Financial Inclusion: Nachiket Mor discusses his groundbreaking plan for universal financial access in India – Part 1
The Nachiket Mor committee report has garnered global headlines by setting a lofty goal - bank accounts for all Indian adults by 2016 – and laying out an innovative, detailed vision of how to reach it. Mor discusses the much-debated report in part 1 of this Q&A.
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An Entrepreneurial 2015: How This Businessman Launched A $100m Programme
Tony Elumelu CON, is a Nigerian Entrepreneur, with over twenty years experience in the Banking and Investment sector in Africa. In the course of his career, Elumelu says he has met hundreds of entrepreneurs who carry in them the hope of Africa’s future. “Many of them young people with incredible dreams and business ideas but without the experience or the access to mentoring and support required in order to build a bankable business plan,” he said.With no access to the right resources and lack of know-how, the ideas remain dreams in the hearts of the young African population, while the continent’s growth is stifled by high rates of unemployment and poverty.But not for much longer.
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- Sub-Saharan Africa
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November’s Most-Read, Most-Shared Posts on NB
In November, transparency in impact investing – on both the investment fund side and the investee company side – was something worth pondering. As investing with social and environmental purpose continues to grow and bleed into the mainstream, so do the calls for clear standards and open access to what constitutes impact – e.g. who’s really profiting?
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