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Innovative Banking Strategies for the BoP in India: Exploring ‘No Frills Accounts’ and the business correspondent model
In India, commercial banks have begun to comply with financial inclusion mandates, leading to innovative—though far from perfect—strategies to bank the poor. Yet even if promoting social inclusion may not be part of a bank’s business philosophy, the potential market for banking the global informal economy—estimated to be worth around $10 trillion annually—should speak for itself.
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Education boosts role of local women
Women in the Tibet autonomous region enjoy rising social status and are stepping beyond their traditional roles, according to an official at the Tibet Women's Federation.
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- Education
- Region
- Asia Pacific
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Study paints sad picture of women in poor countries
Women perform more than half of all economic activities in developing countries but only a third of their work is captured by statisticians, a new report says.This means women are likely to miss out on business, industrial and social development opportunities arising from globalisation.
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- Education
- Region
- Sub-Saharan Africa
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Latin America Impact Economy Innovations Fund, An Open Invitation for Proposals: Fundación Avina, Avina Americas, the Omidyar Network and the Rockefeller Foundation are teaming up
Recently, Fundación Avina, Avina Americas, the Omidyar Network and the Rockefeller Foundation joined forces to create the Latin America Impact Economy Innovations Fund. This new fund seeks to support collective actions and a regional market to boost market solutions to achieve social and philanthropic goals, actions to combat poverty and the promotion of the environment. The fund invites all organizations that wish to develop the impact economy to present proposals that seek to add to the growth of the impact investing and inclusive business industry.
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Micro Benefits to be Recognized at the G20 Summit for Improving the Livelihoods of China’s Factory Workers
SUZHOU, China, Oct 31, 2012 (BUSINESS WIRE) -- In collaboration with the G20 Mexico Summit, Ashoka Changemakers(R) has named Micro Benefits one of five finalists in a worldwide social impact competition - the G2012 Mexico Financial Inclusion Challenge: Innovative Solutions for Unlocking Access. More than half the world's population - some 2.7 billion adults - lack access to basic financial services such as affordable credit, savings and insurance products.
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- Region
- Asia Pacific
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N220bn MFBs’ fund to drive development, financial inclusion
The Federal Government is set to launch a N220bn fund to enable Nigerian businesses and citizens that lack access to traditional financial services access such services at a much lower cost.The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, said this at a press conference on the National Financial Inclusion Strategy in Abuja on Wednesday.
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- Sub-Saharan Africa
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P Chidambaram urges banks to lend more to the poor
By saying banks need to lend more to the poor, Union finance minister P Chidambaram is on the right track. There is no denying that India continues to be a significantly under-banked country. Around 41% of the population is unbanked, with the figure touching as high as 61% in rural areas.
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- Uncategorized
- Region
- South Asia
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Why Should Banks Reach Out to Social Entrepreneurs? : That question will be front and center at the world’s largest banking conference
On Oct. 30, in Osaka, 8,000 bankers will convene for the world’s largest banking conference, SIBOS, and for the first time enter into a dialogue with social entrepreneurs about the future of their industry – based on concrete ideas for new business with social impact.
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