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Acumen Fund Invests INR 1.5 Crore ($300K) in Edubridge Learning
Mumbai, India, July 25, 2012 – Acumen Fund, a pioneering nonprofit global venture fund addressing poverty across Africa and South Asia, today announced a INR 1.5 Crore ($300K) equity investment in Edubridge Learning Private Limited, a growing company that provides vocational skills training for low income youth across Maharashtra, Tamil Nadu, Karnataka, and Chhattisgarh
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- Uncategorized
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- South Asia
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Columbia University Launches Entrepreneurship Lab
After graduation, Columbia MBA students who are starting their own businesses will now have a new place to call home.
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Weekly Roundup: What Tata Would Have Done Differently: In an Interview, Ratan Tata Says the Company Has Not Been Innovative Enough in Reaching the BoP
Ratan Tata will be stepping down as chairman of Tata Sons Ltd. As he says his goodbyes before his retirement in December, the already candid executive seems to be even more forthcoming about what his company has done right and what it has done wrong.
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Ethiopian shoemaker takes great strides
Eight years ago Ethiopia's Bethlehem Tilahun Alemu decided to sell cool colourful shoes made of recycled materials, including car tyres.
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- Uncategorized
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- Sub-Saharan Africa
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Mexico experiments with the ‘branchless’ bank
Tess Vigeland: The FDIC estimates that somewhere around 18 percent of the U.S. population is what's called underbanked -- Ppeople who turn to payday lenders and check cashing services and the mattress because they don't have good access to the banking system.
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- Latin America
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StartMe gives SA entrepreneurs crowdfunding
South African entrepreneurs, who have been hard pressed to find funding via traditional means such as bank loans, can now take advantage of a new funding mechanism in South Africa – StartMe.co.za.
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- Sub-Saharan Africa
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Is innovation essential for development work?
Innovation has become central to the way development organisations go about their work. In November 2011, Bill Gates told the G20 that innovation was the key to development. Donors increasingly stress innovation as a key condition for funding, and many civil society organisations emphasise that innovation is central to the work they do.
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- impact investing
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Using Small Loans to Generate Big Profits
NAIROBI, Kenya—At a recent group-lending meeting in the Kawangware slum, about 10 miles from downtown, Jackson Munyovi sought $350 to build a new shanty for his wife and two children.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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