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Follow the Money: The IT Hurdles of Microlending
When the crowdfunding non-profit Kiva.org launched a pilot in 2014 to streamline their transactions in Kenya, they met local shop owners like Esther, who was running a stall called “Facebook Cereals.” Kenya had suffered political unrest in recent years, and Esther had to restart her business in the Toi Market of Nairobi twice. But she kept her smile.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Survey: Lack of Financial Literacy Costs Americans over $9,700 across their Lifetimes
The National Financial Educators Council recently released results of a survey about financial knowledge conducted with 3,006 people in six age categories across the US. People were asked, "Across your entire lifetime, about how much money do you think you have lost because you lacked knowledge about personal finances?"
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- Uncategorized
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Meet the 2017 Skoll Awardees for Social Entrepreneurship
Kicking off next week’s 14th Annual Skoll World Forum, the Skoll Foundation announced the four recipients of the 2017 Skoll Award for Social Entrepreneurship. The Skoll Awards distinguish transformative leaders whose organizations disrupt the status quo, drive sustainable large-scale change, and are poised to create even greater impact on the world.
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- Uncategorized
- Region
- North America
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Study: Many South Africans ill-equipped to make sound money decisions
A considerable portion of South African adults may not be adequately equipped to make key financial decisions, a new financial literacy study has found. While there was broad evidence that South Africans had a positive attitude towards saving, personal and macroeconomic realities often hindered their savings behaviour, Benjamin Roberts, senior research manager at the Human Sciences Research Council (HSRC), said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Indian MFI group to refuse loans to defaulters of any member firm
A lobby group of microlenders on Tuesday decided to disallow loans for new applicants who have previously defaulted on repaying any other lender.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Has the Indian Government’s Microloan Scheme Been Successful?
The government’s micro loan scheme, going by the moniker Pradhan Mantri Mudra Yojana, has disbursed Rs1.53 trillion worth of loans so far in 2016-17, which represents a 15.04% growth from the previous fiscal year. Recall that in fiscal year 2016 (FY16), when the scheme was first implemented, disbursements had exceeded the target specified by that year’s budget.
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- Uncategorized
- Region
- South Asia
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Indian Entrepreneurs Compete in the Inclusion Plus Final Round
Artoo, Badhti Bachat of Janalakshmi, Shram Sarathi, Suvidhaa Nanocredit and Swadhaar Saathi have been selected as finalists in the third wave of Inclusion Plus, a global competition, managed by Verb, Inc., for entrepreneurs to accelerate financial inclusion.
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- Uncategorized
- Region
- South Asia
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Raj Panjabi Named Recipient of 2017 Skoll Award for Social Entrepreneurship
Having just been named among Fortune magazine's "World's 50 Greatest Leaders," Dr. Raj Panjabi, an Indian American social entrepreneur originally from Liberia, was named the recipient of a 2017 Skoll Award for Social Entrepreneurship.
- Categories
- Uncategorized
- Region
- South Asia
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