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Behind 700% Loans, Profits Flow Through Indian Reservations to Wall Street
Joshua Wrenn needed money to make the January payment for his Jeep Cherokee.The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.
- Categories
- Uncategorized
- Tags
- lending, mobile finance
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PRESS RELEASE Bank of America Partners with Global Alliance for Clean Cookstoves
Bank of America today announced a partnership with the Global Alliance for Clean Cookstoves (GACC) to raise $100 million to help provide clean cooking solutions to millions of households in the developing world.
- Categories
- Energy
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Impact Investors Shifting Gears to Accommodate Specific Goals
The trend of impact investing — into companies, organizations and funds with the aim of investing for social and environmental good, as well as a financial gain — is becoming more specific.
- Categories
- Impact Assessment
- Tags
- impact investing
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Micro-insurance On the Up Among Insurers and Public
While insurance penetration in general remains low, micro-insurance has seen significant growth as more banks partner with insurance firms to offer micro-insurance products to low-income earners.
- Categories
- Uncategorized
- Region
- South Asia
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Financial Inclusion and SMEs Set to Soar in Ghana
Financial and insurance activities are expanding at roughly twice the pace of the overall economy and just 30 per cent of the population are formally banked, so industry leaders have good reason to be optimistic about the country’s financial services future.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Banking Will Soon Be Possible in India With a Basic Handset and Without Accessing the Internet
Banking will have a new look with some of the jigsaw pieces slowly falling into place. Almost all dealings between a customer and her bank will be possible with a basic handset and without accessing the Internet.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- mobile finance
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Explaining pneumonia’s big global decline on a tiny budget
There appears to be a disconnect between the global burden of pneumonia and how much money is spent on attempting to reduce this burden, which Humanosphere recently summed up as: Pneumonia leads in killing children, but not in global health financing.
- Categories
- Health Care
- Tags
- public health
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LeapFrog Set To Acquire East African Health Insurance Firm For $18m
LeapFrog Investments and Resolution Insurance announced today, that LeapFrog intends to invest $18.7 million for a majority stake in Resolution Insurance,through its holding company, Resolution Health East Africa Limited.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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