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Indian PM asks banks to make financial inclusion a national priority
Indian Prime Minister Narendra Modi on Monday asked banks to make the opening of bank accounts in 70 million households this year a national priority.
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- South Asia
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5 Ways To Ensure Your Money Doesn’t Contradict Your Social Values
It is possible to redirect your money’s social and environmental ties, even if a lack of understanding too often obscures that fact.
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- impact investing
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150 Million Bank Accounts – Is That Enough?: Infrastructure is only one part of designing an inclusive financial system in India
Indian prime minister Modi recently announced an ambitious new plan for financial inclusion for all Indians. The plan focuses on the estimated half of the country’s population that does not use a bank, providing them with debit cards and insurance policies (among other things). But IPA points out that creating an inclusive financial system will require more than ATM cards.
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Bain Capital Buys into Toms Shoes’ Social Enterprise Model
Toms is a well known socially responsible business, a shoe manufacturer that donates a pair of shoes to a needy child for every pair it sells. This business model has attracted an unusual investor: Bain Capital.
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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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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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