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Financial Inclusion By 2020: Our Generation’s Equivalent of Putting a Man on the Moon
Organizations like the Center for Financial Inclusion at Accion and the World Bank have recently set a goal by 2020 of achieving full financial inclusion for the 2.5 billion people – about half the planet – who don’t participate in the financial mainstream. Bringing one in two people across the globe into the financial fold is a formidable challenge. Can it be done?
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Mobile banking without a phone: Here comes the bank van
In Uganda, Rwanda, and the Philippines mobile banking vans reach out to the rural poor as an alternative to cell phone banking schemes.
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World Bank says expanded access to banking services comes with risks
In a new report, the World Bank warns that while some services, like low-fee accounts, clearly benefit the poor and small firms, others - such as microcredit, microinsurance, and debt relief - can do more harm than good.
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TOMS Creates E-Commerce Hub for Socially Conscious Shoppers
n the world of social innovation, Blake Mycoskie of TOMS is a bit of a rock star. Now, he is using his company’s star power to give other like-minded startups a leg up. TOMS is launching an e-commerce platform called “Marketplace” on TOMS.com that hosts goods from 30 social entrepreneurs who have mission-driven business models, similar in ethos to the “buy one, give one” model that Mycoskie pioneered.
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Innovation Summit Encourages Social Entrepreneurship
Social entrepreneurs, Harvard affiliates, and students from across the United States convened in Northwest Labs on Saturday for the Igniting Innovation Summit, a conference meant to spark student interest in social entrepreneurship through a series of events.
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Chetna Vijay Sinha, India Social Entrepreneur of the Year 2013
The Schwab Foundation for Social Entrepreneurship, a sister organization of the World Economic Forum, in partnership with the Jubilant Bhartia Foundation announced Chetna Vijay Sinha, Mann Deshi Mahila Sahakari Bank, and Mann Deshi Foundation, as the winner of the 2013 India Social Entrepreneur of the Year awards.
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Could micro-insurance help the poorest communities deal with climate change?
Dramatic storms like Haiyan are becoming normal and affecting the poorest populations; micro-insurance promises to increase their resilience.
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In Crowdfunding, New Source of Aid After Catastrophe
After the devastating floods in Colordado, with no flood insurance, and limited access to credit and small business loans, people turned to online charitable giving — a crowdfunding platform called GoFundMe — to help raise money to regain their footing.
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