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Research reveals that mobile banking increases financial inclusion
The report, ‘A Quantum Leap Over High Hurdles to Financial Inclusion: The Mobile Banking Revolution in Kenya’, focuses on sub-Saharan Africa, through the lens of Kenya. It reveals that as a result of mobile banking Kenya’s financial inclusion rates have increased dramatically; however, the research also states that Kenya’s success may not be easily replicated in other developing countries.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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ImpactAssets deploys $3.5 million to support smallholder farmers in Latin America
ImpactAssets announced today that it has deployed more than $3.5MM in support of smallholder farmers in Honduras, Costa Rica, Chile and Peru through their recently launched Global Sustainable Agriculture Note. This lower-minimum publicly offered debt security broadens investor access to grower cooperatives and agricultural enterprises.
- Categories
- Agriculture
- Region
- Latin America
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eKutir becomes India’s first Certified B Corporation
eKutir, a for-profit social enterprise fueling job creation, prosperity and livelihoods for India’s poorest communities, is the country’s first company to become a certified B Corp™. This prestigious designation is awarded to companies that use the power of business as a force for good, meeting the highest standards in performance, transparency and accountability to solve social and environmental problems.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
- Categories
- Technology
- Region
- South Asia
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Last Mile in Style
Zipline, a Silicon Valley drone manufacturing firm, has contracted with the government of Rwanda to make last-mile blood deliveries. Starting this month, the drones will make between 50-150 deliveries per day to 21 transfusing facilities located in the western half of the country.
- Categories
- Health Care
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Smart Telecom joins East Africa’s mobile banking sector
Smart Telecom last week launched its mobile money service SMART PESA on to the Uganda market making it the latest telecom company to join East Africa growing mobile banking sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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How capturing rain could save Mexico City from a water crisis
More than 10 million Mexicans lack access to safe water and its capital, Mexico City, is ranked third on the list of cities facing an extreme water crisis. But this is not because of natural water scarcity. In fact, Mexico City receives roughly five months of rain a year and is notorious for flooding.
- Categories
- Environment, Health Care
- Region
- Latin America
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India pushes to formalize impact investments
Putting in money for social development is believed to be the responsibility of either the government—as part of the welfare for its citizens—or charitable rich individuals and institutions.
- Categories
- Impact Assessment
- Region
- South Asia
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