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America’s First Billion-Dollar Social Enterprise?
It's not just the fact that TOMS received an investment from Mitt Romney's Bain Capital that was so important - it's the fact that Bain's investment now values TOMS, a social enterprise, at $625 million dollars.
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In India, 50% of microfinance institutions could convert to banks, says regulatory body CEO
About half of the Microfinance Institutions Network’s 49 members could follow in the footsteps of Kolkata-based Bandhan and convert themselves into banks in the next couple of years, according to a top official.
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- South Asia
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OPINION: Formal employment remains key to financial inclusion in India
We believe the biggest boost to financial inclusion will come from a push to higher employment in the formal sector, especially regular, salaried employment.
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- South Asia
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Weekly Roundup – 8/23/14: From cola to credit, the customer is always right
Despite the many and ongoing debates in economic and academic circles, there’s a role to play for multinationals, startups, and small and medium sized companies in alleviating poverty and reaching the underserved. Three examples this week hammered home the idea that, no matter the size of the business or its model, it all starts with the customer.
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Smart Loan Products, Smarter Lending Approach: Kazakhstan’s Asian Credit Fund serves the country’s financially underserved, rural poor
There’s a dramatic income gap between rich and poor in Kazakhstan. Recognizing this, in recent years Asian Credit Fund (founded in 1997 by Mercy Corps) has been targeting the country’s most remote areas, adapting its products to the rural context, with a sustainable twist.
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Bharti Airtel in talks with State Bank of India for mega alliance
Days after the Reserve Bank of India introduced draft norms for small and payments banks to boost financial inclusion, the nation's largest telco and the nation's largest lender are exploring a mega alliance.
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- South Asia
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How Kenya’s mobile money is opening up now middlemen have been set free
A decision made by Kenya's telecoms watchdog could have profound implications for the country's mobile money market.
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- Sub-Saharan Africa
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- mobile finance
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Glo launches Nigeria’s 1st Mobile Money Agent Network – Central Bank lauds initiative
GLOBACOM, Nigeria’s national telecommunications carrier, has launched Glo Xchange, a Mobile Money Agent Network, aimed at accelerating mobile money revolution and financial inclusion in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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