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Finding Macro Solutions for Microfinance
Small loans to give backcountry villagers a modest start toward entrepreneurship — the bright idea that brought Muhammad Yunus the Nobel Peace Prize in 2006, 30 years after he founded Grameen Bank in Bangladesh — is by now a fading ideal.
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- Uncategorized
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MetLife and Sesame Workshop to Provide Financial Knowledge & Resources to Low-Income Families with Young Children
MetLife, Inc. announced today that MetLife Foundation has committed $20 million over the next five years to Sesame Workshop, the nonprofit educational organization behind Sesame Street, to advance financial capability among low and moderate-income families with young children throughout the world.
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- Education
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Mobile Money in the Democratic Republic of Congo: The indirect path may be most effective for small business payments
Much of the Democratic Republic of Congo’s (DRC) economy consists of small businesses, and most of them operate exclusively in cash. With only 4 percent of adults in DRC having a formal bank account, mobile money is key to improving the efficiency and security of small business payments. A recent report by InterMedia and GSMA highlighted opportunities for expanding mobile money use among small business owners.
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A Really Big Tent: Danone trying to maximize its potential through inclusiveness
Confronting the global economic crisis in recent years, Danone came up with an ambitious new business model that includes all the stakeholders in its ecosystem: employees, customers, farmers, suppliers, subcontractors, transporters, distributors, the places where it operates.
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- Agriculture
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People-Centered Finance: How behavioral economics can improve financial products – part 2 of our Q&A with Alexandra Fiorillo, VP at ideas42
Why do people struggle to make sound financial decisions? Answering that question is one of the missions of ideas42, a consulting organization that specializes in behavioral economics, the study of how market decisions are made. We spoke with Alexandra Fiorillo, a vice president at ideas42, about how behavioral economics can improve financial product design.
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India launches first bank exclusively for women
India launched its first public sector bank catering for women on Tuesday, an initiative aimed at economically empowering millions of women across the country who do not have access to basic financial services such as bank accounts or loans.
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- Region
- South Asia
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PHOTOS: What If The Poor Weren’t Marginalized?
The idea of "financial inclusion" can seem abstract or difficult to comprehend until you put a human face on it.
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The Power of Choices: Applying behavioral economics to financial services – part 1 of our interview with Alexandra Fiorillo, VP at ideas42
If you’re working to alleviate poverty, steering people toward wise financial choices can make a huge difference. That’s why we’re excited to introduce ideas42, a consulting organization that specializes in behavioral economics, as a content partner on NextBillion Financial Innovation. We spoke with their VP Alexandra Fiorillo about how behavioral economics can be used to promote financial inclusion and improve lives at the BoP.
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- Finance