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Reaching ‘an Emerging Market Within an Emerging Market’: JPMorgan Chase and Omidyar back new impact fund aimed at Brazil’s middle class
Entrepreneurs who can deliver high-quality basic services on the cheap are rushing to meet the pent-up demands of Brazil’s 112 million lower- and middle-class consumers. Those entrepreneurs can tap a new source of capital: impact investors - including one backed by JPMorgan Chase and the Omidyar Network - focused on the huge population of Brazilians who make under $10,000 a year.
- Categories
- Impact Assessment, Social Enterprise
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Impact Investing Can Help Foundations Avoid Obsolescence
John D. Rockefeller would never have considered abandoning the oil business. But that is exactly what some of his heirs did last fall. The Rockefeller Brothers Fund, a family foundation with $860 million in assets and a long history of supporting environmental causes, announced it would divest itself of all fossil-fuel investments.
- Categories
- Environment
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Daktari Secures $15.5M for Portable Diagnostic
Cambridge-based Daktari Diagnostics is inching towards commercialization of its fast and portable diagnostics platform, securing $15.5 million in equity funding earlier this month with hopes of entering the global market this year.
- Categories
- Health Care
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Viewpoint: America’s Asian Infrastructure Investment Bank Disaster: Are There Lessons to Be Learned?
The floodgates have opened. After the U.K. announced last Thursday that it would seek to join the Chinese-led Asian Infrastructure Investment Bank (AIIB), a trio of other European powers — Germany, France, and Italy — followed suit. With a March 31 deadline looming for countries to gain “founding member” status, expect more states – possibly including Australia and South Korea – to join in as well.
- Categories
- Uncategorized
- Tags
- impact investing
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Social Issues-Focused Digital Media Co The Better India Raises $160K From Intellecap
Bangalore-based The Better India Pvt Ltd, which runs a news website focusing on social issues under the same brand, has raised $160,000 (Rs 1 crore) in funding from members of angel network Intellecap Impact Investment Network (I-cube-N), a company statement said. Investors include Raveen Sastry, a co-founder of e-commerce portal Myntra.
- Categories
- Impact Assessment
- Region
- South Asia
- Tags
- impact investing
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Press Release: International Finance Corporation Loaning $2.5m to La Fayette Microfinance Bank, Nigeria
The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France. The investment will support the growth of La Fayette, which was created in June 2012 and target micro-, small and medium-sized enterprises in Nigeria’s urban areas.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Ethical Investments: Lack of Awareness Means Investors Are Supporting Industries They Oppose
Liz Berwick is a fairly typical saver. The 35-year-old mother of two hopes to put away around £3,000 this year by saving regularly into a tax-free Isa. The question is, where?
- Categories
- Environment
- Tags
- impact investing, lending
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From the Gates Foundation, Direct Investment, Not Just Grants
The Ebola crisis underscored a problem that vexes experts in global health: Vaccines are one of the most cost-effective ways to save lives, especially in developing countries, yet traditional vaccines can take years to develop.
- Categories
- Health Care
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