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Arab Gulf Program for Development calls for more microfinance institutions
The Arab Gulf Program for Development (AGFUND) called on Arab countries to set up more micro-financing institutions to help unemployed youth and poor people make a sustainable living.
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- mobile finance
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Crowdfunding paves into India, Exhilway set to raise and invest $1bn
Exhilway Global, the emerging markets private equity fund is set to launch one of the largest crowdfunding platform called "Exhilway Link" which will cover all major types of crowdfunding, classified into debt, equity and royalty. The platform will initially operate in India, US and UK.
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- crowdfunding
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China: State monopolies give way to social enterprise
As the state loosens its grip on public services in China, Beijing is sending strong signals that social innovation and investment will be driving forces of a refreshed public services system. Adam Pillsbury from the British Council explains the new dynamics of social enterprise in China.
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Latin America catches entrepreneurship fever
Latin Americans just don't invent much. The region is home to 8% of the global population and yet, in 2010, just 2.6% of the world's applications for patent registration were filed from here.
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- Region
- Latin America
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In 2014 the next billion will access the mobile internet—at $20 a handset
The total number of mobile subscriptions will exceed 7 billion by 2014, according to the International Telecommunications Union.
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- mobile finance
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Central Bank of Nigeria moves to enhance financial services to Nigerians
Nigeria felt that it is lagging behind some of its peer countries in Africa.
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- Region
- Sub-Saharan Africa
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P2P lending service Renrendai handed $130 million to get a head start in China’s microfinance sector
Renrendai reported it facilitated RMB 1 billion ($165.2 million) in loans as of August 2013, with a 276 percent year-on-year increase in the first half of last year.
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- Region
- Asia Pacific
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- microfinance
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Credit Score, by Multiple Choice
No credit? No problem — just take a test. That’s the message being delivered to more than 70,000 small-business owners in developing countries where credit ratings are rare and many potential entrepreneurs keep their money in cash rather than bank accounts.
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