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Citi has committed new funding for the Banking with the Poor Network (BWTP), the only pan-Asia microfinance network, as part of its continued commitment to promoting financial inclusion globally. Citi Foundation grants worth USD200,000 will enable the BWTP Network to provide secretariat services to the APEC Business Advisory Council’s Advisory Group on Financial Inclusion and also build its capacity to support BWTP members consisting of microfinance institutions, commercial banks, c...
Citi Gives New Funds to Microfinance GroupNews
REDWOOD CITY, Calif., Sept. 7, 2011 /PRNewswire/ -- Omidyar Network and IGNIA announced today they are leading a $13.75 million Series B round of financing in Finestrella, a provider of innovative mobile telephony services to low-income and unbanked populations in Mexico. Finestrella will use the funding to rapidly expand the availability of its current offerings while developing new products and services, including smart phones and data plans that address the needs of its customers. Th...
Omidyar Network and IGNIA Lead $13.75 Million Series B Round in FinestrellaBlog Post
Lauren Thomas is working hard to get more Mozambicans on two wheels. Thomas, a former investment banker who traded New York for Maputo, is the co-founder of Mozambikes, a fledgling business that aims to provide high-quality bicycles at affordable prices through an innovative business model.
Mozambikes Pedals to Promote Development Via Low-Cost BicyclesBlog Post
Jacaranda Health is a maternal healthcare provider in Nairobi offering low income women high quality and affordable care. Founded by Nick Pearson, formerly of Acumen Fund, Jacaranda charges modest fees for services, like $1.25 per consultation and $8 for complete prenatal lab tests, with an aim to recoup costs and expand into a chain of clinics.
Improving Mother, Newborn Care is Aim of Jacaranda HealthBlog Post
Jocelyn Wyatt, the long-time leader of social innovation at IDEO, recently became the co-lead and executive director of IDEO.org, the firm’s newly-launched non-profit started to address poverty-related challenges through design. She will be hosting Design Lab Office Hours at this year’s SOCAP and shares some experiences from IDEO.org’s early days.
SOCAP11 Preview: How to Design Empathy and Other IDEO.org ProjectsBlog Post
Anoj Viswanathan is co-founder of Milaap, a pioneering online platform that enables people across the world to lend to India’s working poor. He drew inspiration from Lilla Watson?s quote, ?if you have come here to help me, you are wasting your time. But if you have come because your liberation is bound up with mine, then let us work together."
NextThought Monday Gearing Up for SOCAP11: Milaap’s Service-Focused JourneyNews
A wave of entrepreneurs are trying to turn a profit by helping good causes find donors to back them. The tool they use is called niche crowd-funding. Entrepreneurs set up websites for very specific types of charitable projects, like supporting small farmers in developing nations or helping victims of natural disasters. People who need backers can put fund-raising pitches on the site-and the entrepreneurs take a cut of whatever money they raise. The sums involved are usually modest...
Looking to Turn a Profit? One Good Cause at a TimeBlog Post
New Ventures, which supports environmentally-focused SMEs in six emerging markets, recently hosted its first impact measurement workshop for social entrepreneurs in Bogota, Colombia. Entrepreneurs learned to measure and report impact, and New Ventures improved how to frame the value of impact measurement. Check out the five lessons of the workshop.
Impact Measurement Mastery: 5 Lessons Learned Working With Colombian Entrepreneurs
