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World Bank to boost India’s MSME sector through $500 million loan
The World Bank on Monday approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector at an early stage.
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- Region
- South Asia
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A Radio Jingle … Followed by an Economic Transformation
Hernando de Soto, economist and best-selling author, was determined to figure out what was keeping Peruvians in poverty. He quickly found that Peru had a bureaucracy that moved at glacial speeds. His solution? Catchy commercial jingles and a reality TV show featuring the president of Peru.
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- Education
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When Operations Equal Value Creation: Process innovation up and down value chains can leap the ‘voids’ in BoP markets
Business models are important, but in reality they are derived from the aggregation of value-creating processes. Put succinctly, operations = value creation in exemplary social ventures, argues James Koch, of the Center for Science, Technology and Society at Santa Clara University.
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- Technology
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Good for You, David Brooks: Now, could I please have Thomas Friedman’s phone number?
It’s great that New York Times Columnist David Brooks recently helped catapult impact investing into mainstream consciousness. But to move the impact investing space forward, we will have to look beyond the mainstream to challenge the boundaries of what we’d previously imagined was possible.
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The Role of Skills-based Volunteering in Global Development
In 2014, MovingWorlds placed 79 "Experteers" in 32 countries, donating nearly 7,200 hours (or 899 work days) of their professional time, writes co-founder Derk Norde. By fostering more connections and knowledge exchange between social impact organizations and professionals looking to donate their skills abroad, he says, it’s possible to truly accelerate global development.
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Building Corridors for Shared Prosperity: Seven lessons from Intellecap, IFC on ‘what works’ in international expansion of inclusive businesses
IFC, in partnership with Intellecap, released a new report “Corridors for Shared Prosperity” at the Sankalp Africa Summit in Nairobi last week. The report is a repository of knowledge about “what works” in successful replication of businesses and presents a framework for systematic transfer. Eleven businesses across agriculture, health care and renewable energy that expanded from India to South Asia and Sub-Saharan Africa were identified for analysis.
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- Education
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When Awards and Idealism Aren’t Enough: My social enterprise earned a ton of public acclaim – but it was missing something even more important
In her early 20s, Leticia Gasca launched a social enterprise to help some of Mexico’s poorest people. Powered by idealism and some promising early results, the company garnered both national and international acclaim. But behind the scenes, it was struggling with the harsh realities of doing business. Gasca shares the story in this frank post, the first in our series with F*ckUp Nights on failure in social enterprise.
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- Social Enterprise
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How to Get 30 Fintech CEOs to Open Up About Financial Inclusion: Lessons from Accion’s inaugural CEO Forum
Who exactly are financial inclusion entrepreneurs, and what do they do on a day-to-day basis? The leaders at Accion’s recent CEO Forum represented diverse enterprises ranging in size from three employees to 200. Through discussions around regulation, talent, growth, financing and more, the event showed a lot about what drives – and what worries – these entrepreneurs and their businesses.
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