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Major donors launch new fund to support innovation
For some time now, major bilateral donors have been working independently to fund innovations and support startups, but a group of them announced Tuesday a new fund where they will pool capital to spur creative, pioneering interventions to tackle global development challenges.
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Join the Livestream of the Business Call to Action Forum 2014: Sustainable businesses for the BoP is the focus
NextBillion is serving as a media partner for the Business Call to Action Forum 2014. Today, the opening plenaries will focus on sustainable business - both economically and environmentally - for the base of the pyramid. Join us for the BCTA Forum Livestream, live from New York.
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PRESS RELEASE: Accion Acquires 10 Percent Stake in Peruvian Microfinance Institution Credinka
Boston, MA and Lima, Peru, September 24, 2014 – Accion, a leader in microfinance, today announced its purchase of a 10 percent stake in Peruvian microfinance institution Credinka from majority stake holder Diviso Grupo Financiero.
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- Latin America
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- microfinance
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Why isn’t the Reserve Bank of India excited about Modi’s financial inclusion scheme?
The central bank warned last week that a faulty rollout could create more problems than it could fix.
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- South Asia
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PRESS RELEASE: CGAP CEO Ehrbeck Will Join Omidyar Network As Partner
Omidyar Network today announced that Tilman Ehrbeck will join the philanthropic investment firm as a partner. Based in Washington D.C., Ehrbeck will oversee Omidyar Network's Financial Inclusion, Impact Investing, and Property Rights initiatives. Omidyar Network Managing Partner Matt Bannick made the announcement during the Clinton Global Initiative Annual Meeting in New York.
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For Social Enterprises, The Bottom Line is Impact: Four Lessons About Investing in Social Businesses
Despite Cambodia's rapid economic growth driven by strong exports, private investment and a growing agricultural industry, nearly one in five Cambodians live below the international poverty line.
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Tata announces social enterprise challenge
The Tata Group has announced the commencement of the Tata Social Enterprise Challenge (TSEC) 2014-15, a joint initiative with the Indian Institute of Management Calcutta (IIM-C), to find India's most promising early-stage social enterprises.
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- South Asia
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- impact investing
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Around the World with Bitcoin: How the cryptocurrency is being put to use in five hotbeds of early Bitcoin activity
Bitcoin startups are using the innovative cryptocurrency/payment system to expand financial services in areas with high mobile coverage and low participation in traditional banks. Sarah Martin runs down early Bitcoin momentum in five countries with active digital currency marketplaces: the Philippines, India, Kenya, South Africa and Argentina.
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