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The million-dollar social enterprise
Project Everest grew 1000 per cent last year and is on track to grow 250 per cent this year. In calendar 2016 the venture made $1 million in revenue.
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- Uncategorized
- Region
- Asia Pacific
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How Mastercard’s “Data Philanthropy” Program Is Tackling The Global Financial Information Gap
Through its Center for Inclusive Growth, an independent subsidiary of the company launched in 2013 to support financial inclusion in the developing world, Mastercard is experimenting with a new type of philanthropy: data donation. Mastercard is one of the largest payments companies in the world, and Shamina Singh, president of the Center for Inclusive Growth, says that when the Center was founded, it was with a mandate from the company’s board of directors to “think about Mastercard’s assets broadly, and then think about how those assets can be applied for social good.”
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- Uncategorized
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Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off in India
While the demonetization tsunami sorely hurt the microfinance industry, Bandhan Bank offers a good template for what MFIs can do after acquiring banking licenses.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Financial Inclusion: Have We Been Approaching The Problem All Wrong?
“The lack of trust in financial institutions partly explains the tendency of households to avoid financial products and invest in physical assets such as gold instead,” the report added.
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- Uncategorized
- Region
- South Asia
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Behind Credit Suisse’s foray into microlending to the global poor
In its early days, Grameen Bank put microfinance on the map by making tiny loans to communities of female small-business owners who put social pressure on one another to repay the loans. Microfinance has come a long way since then. Today, data-enabled microloans are made to small-business owners, farmers and consumers all over the world, often through smartphones and loan officers wielding iPads.
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- Uncategorized
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Australia’s decreasing foreign aid budget offers chance for private companies to cash in
A handful of companies are cashing in on Australia's dwindling foreign aid budget, securing billions of dollars to do some of the work the Government used to do itself.
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- Uncategorized
- Region
- Asia Pacific
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The Long Game: How Developing Countries Can Get Microfinance Right
In developing economies such as Myanmar, microfinance is often viewed as a means for lifting people out of poverty. As of 2015, small and medium enterprises (SMEs) comprised 99% of the country’s businesses, and many of those are micro-businesses.
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- Uncategorized
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African tax authorities consider how to boost revenue
The report argues that if tax revenue grows faster than the economy, African nations will have greater funds at their disposal for public investments in areas such as education and health care.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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