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US govt’s OPIC commits $12.5 m loan for clean drinking water in India
“This project offers an innovative approach to making safe water more available and affordable and illustrates how businesses can develop new solutions to long standing global challenges,” said Ray W Washburne, President and CEO, OPIC.
- Categories
- WASH
- Region
- South Asia
- Tags
- global development, SDGs
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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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India’s agritech startups are employing data mining and AI to improve crop yield, make farming profitable
Agritech startups seem to be having their moment in the sun. There are many startups like SatSure that are disrupting the Indian agricultural economy in unexpected ways. Intello Labs, for example, uses image-recognition software to monitor crops and predict the health of farm yields.
- Categories
- Agriculture, Technology
- Region
- South Asia
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Impact investor Aavishkaar-Intellecap to raise up to $75m to fund growth
The capital raised from the fundraising will allow Aavishkaar-Intellecap Group to support its subsidiaries as they look to scale and to seed some new businesses, says founder Vineet Rai.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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Press release: OPIC loan to expand access to clean water in India
“This project offers an innovative approach to making safe water more available and affordable and illustrates how businesses can develop new solutions to longstanding global challenges,” said Ray W. Washburne, OPIC President and CEO. “By increasing access to clean water, the project will improve the health and quality of life for millions of Indians, particularly women who typically have the primary responsibility for obtaining and managing the household water supply.”
- Categories
- Health Care, WASH
- Region
- South Asia
- Tags
- global development, SDGs
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Accenture, Grameen Foundation collaborate to leverage AI, AR to help low-income women
New applications leverage the power of artificial intelligence and augmented reality to improve financial capacity and decision-making for and by the poor.
- Categories
- Technology
- Region
- South Asia
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IDFC Foundation partners Vasudhara Dairy to bring Financial Inclusion to over 1000 villages
IDFC Foundation, the Corporate Social Responsibility (CSR) arm of IDFC Group, has partnered Vasudhara Dairy, to bring financial inclusion to over 1000 unbanked villages in the tribal districts of Gujarat and Maharashtra, using Financial Inclusion Devices or interoperable microATMs.
This initiative will enable thousands of farmers to now access financial services in their villages. Farmers in these unbanked locations are compelled to travel 5-10 kilometers to reach a traditional ATM or bank branch.- Categories
- Finance
- Region
- South Asia
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Telenor Group and Ant Financial in strategic partnership to deliver inclusive financial services in Pakistan
Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group ("Ant Financial") in Pakistan, where Ant Financial will invest USD 184.5m for a 45% stake in Telenor Microfinance Bank ("TMB"), a subsidiary of Telenor Group, to further develop TMB's mobile payment and digital financial services.
- Categories
- Finance, Technology
- Region
- South Asia
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