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TriLinc Global Sustainable Income Fund (“TGSIF”) announced today a new funding of $25 million from Luxembourg-based BlueOrchard Impact Investment Managers (“BlueOrchard”) to provide financing to middle market companies operating in Emerging Markets around the world. The financing will provide additional capital which TGSIF will invest in SME’s (small and medium sized enterprises) in developing economies globally including various sectors like agriculture, manufacturing, infrastructure and more. “We believe this financing from BlueOrchard significantly helps support our mission to harness the power of capital markets in solving global challenges facing our society,” commented Gloria Nelund, CEO and founder of TriLinc Global, LLC.
Press Release: TriLinc Global Sustainable Income Fund Secures Funding of $25 Million From BlueOrchard Impact Investment ManagersNews
The South Asian country of more than 160 million in November signed a deal with the Serum Institute of India to buy 30 million doses of the vaccine developed by British drugmaker AstraZeneca.
Bangladesh to Begin COVID-19 Vaccinations Next MonthNews
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike.
How Mexico’s Central Bank Plans to Move Payments to DigitalNews
CRED is one of the most talked about startups in India, in part because of the scale at which its valuation has soared and the amount of capital it has been able to raise in such a short period.
India’s Cred Raises $81 Million, Buys Back Shares Worth $1.2 Million From EmployeesNews
Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital.
Umba, a Digital Bank for Emerging Markets, Raises $2 Million Seed Funding to Expand Across AfricaNews
Unemployment among former inmates in the US is five times higher than for the general population, according to Amazon Web Services (AWS). The company is involved in Justice Through Code, a project to bring coding qualifications to the convicted from Columbia University’s Center for Justice and The Tamer Center for Social Enterprise at Columbia Business School.
Coders Behind Bars: The Prisoners Training for Future Tech JobsBlog Post
Chuck Waterfield left microfinance five years ago, after working in the sector for three decades. He stopped using Facebook three years ago, after using the platform for about 10 years. As he explains, he left them both for a similar reason: Their business models have grown increasingly problematic over time – and without external intervention, things are likely to get worse.
Businesses Behaving Badly: The Troubling Parallels Between Microfinance and FacebookBlog Post
COVID-19 has disrupted life for practically everyone around the world, but people living in extreme poverty are particularly affected. And some estimate that the crisis could push over 80 million more people into extreme poverty. Muhammad Musa at BRAC International discusses two programs that could reduce this impact, improving the lives of marginalized communities both during and after the pandemic.
Fighting Extreme Poverty During COVID-19: Two Proven Ways to Build Resilience in Times of Catastrophic Disruption
