NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Banmujer: Benefitting Over 300,000 Venezuelan Families Since 2001

One of Venezuela’s most important public institutions created to assist impoverished women through micro- credit lending celebrated its 10-year anniversary last week. Banmujer first came into existence on September 21, 2001 as government run bank with the specific purpose of funding socio-productive business initiatives for women in particularly dire economic conditions. Since that time, the women’s bank has granted more than 138 thousand micro-credits, benefiting over 300,...

Source

venezuelanalysis.com (link opens in a new window)

Region

Latin America

Empowering Farmers with Mobile-enabled Kisan Card System

A mobile-enabled kisan card system to help the agricultural community engage in cashless transactions, especially with their input providers, was launched here on Sunday to benefit farmers in Villupuram district of Tamil Nadu by Pallavan Grama Bank. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, who launched the pilot project, said there was nothing new about mobile banking. "But this is for the first time that a structured launch involving the farming community have been don...

Source

The Hindu (link opens in a new window)

Region

South Asia

Chotuwash, and More

The Godrej Group is walking the talk on ’Good and Green’, its brand campaign. If the low-cost refrigerator ChotuKool that runs on both battery and electricity created a buzz because of innovation (how much of it translated into actual sales is not known as yet), the Godrej Group is already ready for more. While ChotuKool is gearing up for national distribution through the postal system, in the pipeline are a slew of products targeted at the bottom of the pyramid. For examp...

Source

Business Standard (link opens in a new window)

Categories

Health Care

Region

South Asia

ZIMBABWE: Poverty Alleviation Scheme Targets Kids

HARARE, 30 September 2011 (IRIN) - Orphans and vulnerable children from more than 80,000 households in Zimbabwe are set to benefit from a three-year government and donor-funded programme to cushion them from the worst effects of poverty. Led by Zimbabwe’s Ministry of Labour and Social Services with support from the UN Children’s Fund (UNICEF) and the governments of the Netherlands, Sweden, the UK, and the European Commission (EC), the National Action Plan for Orphans and...

Source

IRIN (link opens in a new window)

Region

Sub-Saharan Africa

Global Partnerships Makes First Investments in Colombia

Global Partnerships (GP), a nonprofit social investor based in Seattle, Washington, and Managua Nicaragua, announced today that it has made its first loans to two partner organizations based in Colombia: Fundación Amanecer and Contactar. With the addition of these two partners to its portfolio, GP is supporting the work of 33 microfinance organizations and cooperatives in eight countries in Latin America, including Bolivia, Colombia, Ecuador, El Salvador, Honduras, Mexico, Nicaragua an...

Source

Global Partnerships (link opens in a new window)

Region

Latin America

Could Impact Investing Help India’s Poor?

Sorting out plastic bags collected from rubbish tips is a serious business for Virender Kumar. Sitting on a pile of plastic bags, he is busy giving directions to the labourers he employs to help him with the recycling. Once the bags are sorted, he sells them to recycling units to be melted down into plastic pellets. He makes about 20,000 rupees ($410; £262) profit every month. But he has bigger ambitions that need funding. He says that by w...

Source

BBC (link opens in a new window)

Region

South Asia

A Conversation With Ela R. Bhatt

Ela Bhatt, a Gandhian and a lawyer who founded the Self Employed Women’s Association in Gujarat, is sometimes referred to as the mother of microfinance. She helped start Mahila Sewa Co-operative Bank in 1974, two years before Muhammad Yunus began the project that would later become ...

Source

The New York Times (link opens in a new window)

Region

South Asia

Malawi?s Solar Micro-finance Initiative Builds Business for Women Entrepreneurs

(WNN) Kasungu, Malawi: In the small landlocked southeastern African nation of Malawi only 8% of its growing 15.263 million people are connected to the national power grid, a source of power that has become increasingly unreliable. For many women and their families this often means only one thing - complete darkness at night or limited light generated only by candles or kerosene lamps. Being a woman in one of the poorest countries in the world carries with it many burden...

Source

Women News Network (link opens in a new window)

Region

Sub-Saharan Africa