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Banks Outshine Agriculture, Manufacturing in GDP Input in Rwanda
Prime Minister Pierre-Damien Habumuremyi, yesterday, presented to both chambers of Parliament highlights of the performance of the service industry with focus on financial institutions, noting that the country is on course to achieving its targeted financial inclusion.
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African Crowdfunding platforms looking to emulate Kickstarter Success
Crowdfunding is hot right now, everybody knows that. You have all heard about Indiegogo and Kickstarter, the crowdfunding platforms that have played an integral part in the launching of a number of different ventures in America. Just yesterday, Facebook acquired Oculus Rift for $2B. Two years ago that same Oculus rift raised money to quickly develop their virtual reality gaming headset on Kickstarter, and now their owners are $2B richer. Hooray for crowdfunding!. A formal definition of crowdfunding would be, the process of raising money for an initiative through a large pool of backers. These backers are usually sourced through the internet.
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Claro to Launch ‘First’ Commercial NFC Mobile Payments in Latin America
The NFC-based service will work at more than 200,000 payment points in retail outlets when it launches in the first half of this year, according to the project’s vendor Giesecke & Devrient (G&D).
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- Latin America
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Global MFI Investors Shift Focus from Asia to Africa
With the MFIs realigning their fund allocations, South Asia, the traditional microfinance hub, is facing challenge from Africa for the first time
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- Sub-Saharan Africa
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- microfinance
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Stock Exchanges for Social Enterprises? Here’s Where You Can Find Them
As the spotlight on investors seeking social investments continues to brighten, the rise of social stock exchanges—places where people can buy shares in social businesses with missions that align with theirs—shouldn’t be all that surprising.
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- impact investing
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Featured Event: Sankalp Unconvention Summit 2014: There’s still time for NB readers to register at a discount
Sankalp Unconvention Summit 2014 is set for April 9-11 at Hotel Renaissance, Powai, in Mumbai. NextBillion is serving as a media partner for this year’s summit, and there’s still time for NextBillion readers to register by using the discount code: NXTBSUS. The summit is the flagship event of Intellecap’s in-house initiative, Sankalp Forum, a platform for social entrepreneurs.
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- impact investing
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The Right Way to Talk About Money: Ignacio Mas discusses the impact words can have on financial behaviors at the BoP
Words can have a major impact on the way people think and feel about their money, says Ignacio Mas. In this Q&A with Mercy Corps’ Kyla Yeoman, he discusses how financial service providers should take customers’ psychological needs into account when designing products - and how the words used to describe these products can affect the way they’re used.
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How Business Can Lift People Out Of Poverty: 4 insights from the world’s best social entrepreneurs
How do you profitably sell to a customer who earns less than $2 per day?
It is probably the most daunting business question in the world — as well as the most important, because that’s the earning power of nearly one third of humanity. The challenge is immense. And yet a new kind of entrepreneur is springing up who sees things differently, for whom business is the best way to fight poverty.- Categories
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