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Can digital credit work for development?
The rise of digital banking means that people around the world can now borrow, save or pay with their mobile phones. Digital credit providers are using alternative sources of data to determine creditworthiness and provide loans to populations that have never had access to them before.
But while these products offer a convenient way for consumers to access cash for personal or business expenses, they also present risks. If borrowers do not understand the loan terms, or take out more than they are able to repay, the result can be bankruptcy.- Categories
- Technology
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Press release: GHIT Fund Secures Commitments of Over US$200 Million for Infectious Diseases of the Developing World
This announcement demonstrates the continued leadership and commitment of the Government of Japan, leading life sciences companies, international foundations and other partners to combat neglected diseases; with this replenishment, which marks a doubling of previous commitments, GHIT will accelerate and expand its development of new tools while ensuring they are accessible and delivered to the world’s most vulnerable
- Categories
- Health Care
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New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.
- Categories
- Uncategorized
- Region
- Asia Pacific
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TriplePundit — On Growing Up
This week, TriplePundit was acquired by 3BL Media, the leading provider of distribution services for corporate social responsibility and sustainability news and content. As we whispered a sneak preview to friends and colleagues in person at the Sustainable Brands conference in Detroit last week, it was hard to keep the news to ourselves.
- Categories
- Environment
- Region
- North America
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How To Invest Your Money Responsibly, Sustainably, Or For Impact (They’re Not The Same)
Now you want to invest it wisely, as in–not just leave it in a checking account that pays next to no interest. Ideally, you want to make a decent return, but you also want to be responsible about it... You want to invest the money sustainably, but maybe not in the traditional ways. What are your options?
- Categories
- Investing
- Tags
- impact investing
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MetLife Foundation Is Proud to Present Its 2016 Annual Report
When MetLife Foundation launched our financial inclusion strategy in 2013, the financial inclusion industry was beginning to show that a well-coordinated global effort could produce impressive results. We saw that more than 2 billion people lacked access to formal financial services. But we also saw how steadily that gap was being closed.
- Categories
- Uncategorized
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Meet Vikash Das, who left his high-paying job at IBM to help tribals become social entrepreneurs in India
Even as he was making big bucks at IBM, his heart yearned to do something for the tribal community in India. At a time when people at his age are focussed on career making and launching their startups, Vikash wanted to become a social entrepreneur and enable the tribal communities in eastern India as well.
- Region
- South Asia
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Ban on foreign funds for non-profit may hurt India health programs
Affected programs included those on eliminating black fever, HIV prevention, tobacco control and universal health coverage, PHFI wrote in the letter, which was reviewed by Reuters.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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