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  • C.K. Prahalad – Pyramid Schemer

    It had the ring of something too good to be true: Multinational corporations could alleviate global poverty while boosting their bottom lines. But that was exactly what University of Michigan strategy guru C.K. Prahalad proposed three years ago in his best-selling The Fortune at the Bottom of the Pyramid (Wharton School Publishing). He spotlighted a largely invisible emerging market--the world’s underclass--and called for global companies to kick over their tired notions of the poor as victi...

    Source
    Fast Company (link opens in a new window)
  • Expert Sitings: Amir Alexander Hasson

    Expert Sitings: Amir Alexander Hasson Amir Alexander Hasson is the founder and CEO of United Villages, a company that aims to provide the 2 billion people living in the rural areas of developing countries with e-mail addresses, phone numbers, and Internet access. Wi-fiplanet.com With the latest industry news, commentary, and product reviews, Wi-Fi Planet helps me keep my finger on the pulse of new wireless Internet technologies. It?s one place I go to find new product ...

    Source
    Foreign Policy (link opens in a new window)
  • Gates Foundation Provides $15.4 Million to Opportunity International To Help Build Microfinance Bank

    Opportunity International, one of the world’s largest microfinance organizations, today announced it has received a $5.4 million grant and a $10 million loan from the Bill & Melinda Gates Foundation. The $15.4 million of capital will fund start-up microfinance banks to serve the poor in Rwanda, Uganda, Kenya and the Democratic Republic of the Congo (DRC), as well as expansion of its banking operations in Ghana. Opportunity International operates banks or financial institutions in 28 c...

    Source
    PR Newswire (link opens in a new window)
  • PM approves strategy to expand microfinance outreach to 3 mln households

    Prime Minister Shaukat Aziz has approved the strategy to expand microfinance outreach from one million to three million households by 2010. He was chairing a meeting here Wednesday to review the strategy prepared by State Bank of Pakistan (SBP) to increase the coverage of microfinance sector in Pakistan. The Prime Minister said Pakistan has come a long way in introducing and familiarizing the micro finance concept. However, strategic steps need to be taken and multiple approaches ...

    Source
    Associated Press of Pakistan (link opens in a new window)
    Region
    Asia Pacific
  • Banking for the People

    Looking back, we all can remember just a few decades ago, when only the most privileged among us carried a credit card or debit card.? Today, in a global economy facing constant change, the expansion of electronic payment systems has reached previously unimagined levels and now is part of the everyday lives of millions of people.? In a subtle yet profound way, these instruments have also begun to influence economic systems and to positively impact development in a variety of countries.

    Source
    Latin Trade (link opens in a new window)
  • Ignore Cheaper Phones At Your Peril, Says Motorola

    Consumers in emerging markets may be buying cheap phones with low margins at the moment, but a Motorola executive said Tuesday that phone makers who ignored those markets would miss out on major global trends. Customers in emerging markets do a lot more with their phones than make calls, Motorola’s Chief Technology Officer, Padmasree Warrior, told Reuters in an interview at 3GSM, the world’s biggest wireless trade show. They use text, they sell and...

    Source
    Reuters (link opens in a new window)
  • Insurers Seek Growth in Developing Markets

    Seeking potential sources of future growth, AIG and its international rivals are racing to sell insurance in the developing world, from sprawling markets like India to smaller ones like Romania and Nicaragua. In remote areas, insurers must teach the concept of insurance to populations who have never bought any. Sometimes, as in parts of northern Uganda, the local language doesn’t even have a word for it. To penetrate these markets, insurers are devising unusual policies, chargin...

    Source
    Wall Street Journal (link opens in a new window)
  • India, Inc. gets back to the basics

    Salvation in a sachet is passe now. Rural India will no longer be the playing ground of the FMCG bigwigs alone. In fact, many sectors such as telecom, IT, retail and education are at various stages of striking a deal with the aam aadmi. According to a recent Assocham report, the per capita income of semi-urban Indians is around Rs 15,000 per annum, whereas it?s Rs 7,000 per annum for rural populace. As per its findings, by 2012, the per capita income of rural population will do...

    Source
    The Economic Times (link opens in a new window)
    Region
    Asia Pacific