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FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers' payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.
FICO to Announce New Credit Scoring Formula for High-Risk Consumers in the U.S.News
An improving economy has done little to help people prepare for a financial emergency, with 34 percent of adults in America -- more than 72 million people -- saying that they don't have any emergency savings, according to the second annual financial capability survey from NeighborWorks America. That is up from 29 percent of adults reporting no emergency savings in the similar survey one year ago.
One-in-Three U.S. Adults Has No Emergency Savings Despite Improving Economy, Says New SurveyBlog Post
The Vula app was developed when Dr. William Mapham, an ophthalmologist working in rural Swaziland, noted that poor communication between hospitals and outlying clinics meant that patients were often not referred to the eye clinic when they should have been.
Specialist Eye Care, Anywhere: Vula Mobile app enables rural health workers to conduct eye tests, consultationsNews
Nearly two decades ago, when the concept of microfinance as a poverty reduction tool was in its infancy, there was hope that microcredit would transform economic and social structures. With its focus on reaching the previously unbanked, microcredit was expected to bring about change at the household level, a market in developing countries that traditional financial institutions had failed to reach.
Does Microfinance Still Hold Promise for Reaching the Poor?News
It can be and has been argued that improvements in human welfare achieved over the last few decades have been purchased, at least in part, on credit—that the net gain is less than it seems, perhaps even negative, given the scale of our accumulated liabilities. In part, this is because gains made at the level of households, communities and countries have not been adequately insured against global public ‘bads’—transnational problems whose solution or mitigation generally calls for international cooperation.
Too Global to Fail: The World Bank At the Intersection of National and Global Public PolicyNews
A rapid Ebola diagnostic kit similar to a pregnancy kit has been developed by British military scientists and NHS medics in Sierra Leone.
Ebola Rapid Diagnostic Kit Developed by UK Scientists in Sierra LeoneNews
As Africa’s second most populous country, Ethiopia’s healthcare industry holds significant potential. According to Dr Mohammed Nuri (42), founder and CEO of local pharmaceutical company Medtech Ethiopia, the industry commands more than 18bn Ethiopian birr (about US$881m) in annual sales. In recent years imports from abroad have risen, while foreign investors have entered partnerships with local players.
Doctor-Turned-Entrepreneur Bullish About Ethiopia’s Healthcare SectorBlog Post
New partnerships. New data. New funding opportunities - even a (discouraging) new Twitter hashtag. This week in global development and social enterprise featured plenty of interesting stories, which generated no shortage of online chatter. We’ve sampled a bit of it, as always, in this top ten list.
Twitter Top Ten – 3/29/15
