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Firms, Aid Groups Help Filipinos Borrow From Banks Instead of Sharks
Housewife Jenny Orquiza, whose home was damaged by super typhoon Haiyan, did not imagine that the Philippines' biggest natural disaster would lead to her getting something she never had - a bank account.
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- Asia Pacific
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Watch the Replay of Our Google+ Hangout with Erik Simanis
Our next Google+ Hangout will feature Erik Simanis, head of the Emerging and Frontier Markets Initiative at Cornell University, a collaboration between Entrepreneurship at Cornell and the Center for Sustainable Global Enterprise at Cornell’s Johnson Graduate School of Management. Simanis has written extensively on the future of base of the pyramid business practices.
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‘Aha Moments’ in the Business Model Process: FIELD at the Aspen Institute explores how to take pilot programs to products
If you work at a nonprofit, you probably know this story: You conduct a pilot program. The results are strong. The pilot funding ends. Then you scramble to find funding to keep the program going. How can you write a happy ending to this story? FIELD at the Aspen Institute explored this question during the last phase of their Asset Building through Credit Pilot. Joyce Klein and Luz Gomez discuss what they found.
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Only 48% of Indian Adults Have Access to Bank Accounts
Only 48 per cent of Indian adults have bank accounts and nearly half of them lie dormant, says a report. According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, Pakistan and Bangladesh.
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- South Asia
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In Nigeria Mobile Banking Transactions Hit N430 Billion
Mobile payments system, also known as mobile banking in the country has recorded a total of 15 million transactions since the inception of the scheme in 2012 with 58 million subscribers while the total value of the transactions till date is N430 billion.
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- Sub-Saharan Africa
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- mobile finance
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PRESS RELEASE: Grameen China and JD.com Launch Crowdfunding Microfinance Project
JD.com, Inc. ("JD.com" or the "Company") (NASDAQ: JD), China's largest online direct sales company, and Grameen China, the China-based entity of Grameen Trust ("GT"), a non-profit and non-government organization committed to the cause of poverty alleviation, today announced that they have reached an agreement on a strategic partnership in China.
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- Asia Pacific
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- crowdfunding, microfinance
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OPINION: Modi’s Financial Inclusion Scheme Is Not As Inclusive As You Might Have Thought
The government’s ambitious financial inclusion programme is about to get bigger. Last week, Finance Minister Arun Jaitley announced that the target for new bank accounts under the Pradhan Mantri Jan Dhan Yojana had been revised from 7.5 crore to 10 crore by January 26, 2015.
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- South Asia
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Three Keys to Unlocking Microinsurance’s Potential: The sector is growing – here’s how it can grow faster
Although microinsurance has grown in the shadow of flagship microfinance products like microcredit, it has slowly established itself as a dominant figure in inclusive finance. Yet it is still far from achieving its full potential, with challenges ranging from low coverage rates to lack of customer trust and limited cash-flows. Lisa Chassin of MicroSave outlines key practices that could boost the sector’s growth.
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