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

NAPEP Unveils New Poverty Reduction Scheme

Abstract: Nigeria’s National Poverty Eradication Programme (NAPEP) has unveiled a new wealth creation initiative for the BOP, which revolves around micro-credit for small entrepreneurs.? Credit initiatives have so far received a 99% repayment rate....

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This Day (link opens in a new window)

IADB unveils expanded private-sector lending plan

By Gilbert Le Gras WASHINGTON, June 6 (Reuters) - The Inter-American Development Bank unveiled on Tuesday a six-point plan to alleviate poverty in Latin America and the Caribbean partly through expanded use of private-sector financing. The recent commodities boom has curbed Latin American needs for loans to cover budget shortfalls so one of the first things IADB President Luis Alberto Moreno said he did when he took office eight months ago was order a focus on helping key...

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Reuters (link opens in a new window)

IDB going after region’s poorest

Patrick Foster Wednesday, June 07, 2006 The Inter-American Development Bank (IDB) yesterday announced a potential US$8 billion per year initiative, through which it seeks to promote economic opportunities for the 360 million people in the Latin American and Caribbean region, whom the bank says live on less than US$300 (J$19,500) per month. Called ’building opportunities for the majority’, the initiative will be launched at a conference in Washington DC on June 12 and...

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Jamaica Observer (link opens in a new window)

Dubai: European bank Credit Suisse says a micro-finance fund set up three years ago to lend to poor people in developing countries has been a star performer with a near-100 per cent payback record. Burkhard Varnholt, head of financial products and investment advisory at Credit Suisse, told Gulf News the $50 million fund which re-finances mirco-finance organisations in countries like Cambodia, Afghanistan and Mozambique has the best risk-return profile among some 150 money market funds...

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Gulf News (link opens in a new window)

Excerpt: So, is there fortune at the bottom of the pyramid? Fulton says to find this out and to also be able to best cater for this often misunderstood and under serviced market, marketers need to get personal experiences as to how those at the bottom of the pyramid live. ?Marketing managers need to live where the poor live. They need to, as part of their research, go into townships or informal settlements, spend extended time there to see what peop...

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MarketingWeb (link opens in a new window)

Public private partnerships pose challenges for companies, but those who persist can find their effo

Cross-sector partnerships -- such as those between business and non-governmental organizations, or business and government -- are an increasingly popular way for companies to contribute to society. But making partnerships work can be difficult. Establishing clear rules of engagement and building trust is often a problem. Too often partnerships are more like sponsorship, with companies footing the bill for projects in which they are not closely involved. To be su...

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GreenBiz (link opens in a new window)

Kasoa (C/R), June 4, GNA - Mrs. Rose Newman, National Vice President of the Association of Rural Banks, has expressed concern about the refusal of the women groups and other customers to repay loans granted them under the micro-finance programme. She stated that the programme, was initiated by the government and the World Bank to help reduce poverty facing people in rural areas especially women and urged them not to throw the laudable idea out of gear. Mrs. Ne...

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Home Page Ghana (link opens in a new window)

Poisonous Tree Frog Could Bring Wealth to Tribe in Brazilian Amazon

I came across this article in?last week’s New York Times and thought that it might be of interest.? ? Abstract: An indigenous group from th...

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