-
Indian MFIs Have Deviated From Idea of Micro Credit: Muhammad Yunus
Microfinance institutions in India have deviated from the idea of micro credit, Professor Muhammad Yunus, chairman of Yunus Centre and pioneer of micro-credit, has said."They (MFIs) moved away from the idea of micro credit. That has created all the problems," said Yunus, in a media brefing in Mumbai. "MFIs based in Andhra Pradesh have drifted from their mission.
- Categories
- Uncategorized
- Region
- South Asia
-
The Quiet Revolution in Social Impact
There are currently 30 million African migrants who have left their home countries to find work elsewhere. They support more than 300 million people in their home countries, remitting essential food and goods, and in aggregate represent more than $10b in annual economic activity. This is an economy without an infrastructure, however, relying on informal channels and bribes to function.South African entrepreneur Suzana Moreira is working to change that. Her startup moWozauses SMS to help African migrants order, pay for, and select a place for parcel pickup.
-
The Quiet Revolution in Social Impact
There are currently 30 million African migrants who have left their home countries to find work elsewhere. They support more than 300 million people in their home countries, remitting essential food and goods, and in aggregate represent more than $10b in annual economic activity. This is an economy without an infrastructure, however, relying on informal channels and bribes to function.South African entrepreneur Suzana Moreira is working to change that. Her startup moWozauses SMS to help African migrants order, pay for, and select a place for parcel pickup.
- Categories
- Impact Assessment, Technology
- Region
- Sub-Saharan Africa
-
Commercial MFIs Can Make Markets Work for the Poor
Commercial microfinance institutions (MFIs) are an exemplification of making markets work for the poor. Are they indeed? A recent piece of research, comparing the lending performance of for-profit MFIs with not-for-profit MFIs, shows that though for-profit MFIs serve close to three-quarters of the market, the evidence does not seem to indicate that these MFIs lend indiscriminately when compared to their peers.
- Categories
- Uncategorized
-
Community Workers Help to Bridge Treatment Gap in Mental Health
Training lay people can play a crucial role in helping to deliver effective care for depression and anxiety in resource-poor, primary healthcare settings
- Categories
- Health Care
- Region
- South Asia
-
World Bank President Robert Zoellick Tells Board He Will Step Down June 30
World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.
- Categories
- Education
-
Social Innovators Seek to Balance Economic Sustainability and Impact
Bridging the digital-divide in India has long been a cherished dream. While much is yet to happen, IT industry body Nasscom has taken initial steps to identify business models that can change the access of technology at the bottom of the pyramid.This year too, Nasscom presented awards to six businesses that are trying to bring social innovation. The awards showcase the impact and learnings from the ideas of winners that have gained shape, acceptance and success.
- Categories
- Education, Health Care, Impact Assessment
- Region
- South Asia
-
Truly Local Power: African Wind Turbines Built From Scrap
Wind power isn’t used much in the developing world, since a turbine is much more expensive than a solar panel. But Access:energy is flipping that equation by finding ways to build the turbines in the communities where they’re needed.
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.