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Bringing financial inclusion to the Horn of Africa
At present some 281,000 active subscribers use their mobile phones every day to transfer money, make purchases, pay bills, and buy airtime in Somaliland. That number is expected to increase to 400,000 by the end of 2014, says Adan Shire.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Aavishkaar in list of top global impact investors
Two prestigious US universities have selected social venture capital firm Aavishkaar Venture Management Services and its flagship fund, Aavishkaar India Micro Venture Capital Fund, as among the world's top global impact investors.
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- Uncategorized
- Region
- South Asia
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Morgan Stanley Pledges $1 Billion in Sustainable Investing Push
The biggest U.S. banks have sought to combine their abilities of advising companies and allocating capital with socially minded pursuits in the wake of public outrage and government rescues resulting from the financial crisis
- Categories
- Uncategorized
- Tags
- impact investing
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SKS Microfinance poised to make a clean break from the past
If Vikram Akula, the disgraced founder of SKS Microfinance, is attempting a back-door entry into the company, then something in it is attractive again.
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- Uncategorized
- Region
- South Asia
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International money transfers via mobile to exceed $10 billion by the end of the year
Juniper Research forecasts that nearly 400 million mobile phone users worldwide will use their handsets for mobile money transfer by 2018.
- Categories
- Uncategorized
- Tags
- remittances
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Piloting the 2014 Findex
As President Kim pointed out earlier this month at the plenary of the World Bank/IMF Annual Meetings, 2.5 billion adults worldwide aren’t using the formal financial system
- Categories
- Education, Impact Assessment
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Mobile Devices Alone Won’t Solve American Financial Inclusion Problem
Mobile services would alleviate friction and save time for underserved, low-income consumers. But convenience won't necessarily transform the financially excluded into the financially included.
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- Uncategorized
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Mobile Money Comes To Ethiopia
Ethiopia lags far behind its East African neighbours in the development of its telecommunications sector and the services that the system now routinely provides elsewhere. This is about to change with the rollout of the country’s first mobile money transfer system this January
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa