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Asian Development Bank approves $50 million for microenterprise development in Bangladesh
For the longer term, the project would develop microenterprise finance operational guidelines for microfinance institutions, including piloting for some partner organisations and a mobile-based financing application.
- Categories
- Finance
- Region
- South Asia
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Press release: Citi and Banco Guayaquil Sign $20 Million Loan Agreement Benefiting Microfinance in Ecuador
With over 520,000 previously-unbanked clients that now have “Amiga Accounts” and a $70m loan book to finance microenterprises, Banco Guayaquil’s “Banco del Barrio” is one of the pioneering and most comprehensive inclusive finance programs in Latin America, significantly expanding access to financial services in Ecuador by leveraging a network of more than 4,400 non-bank customer touchpoints across the country.
- Categories
- Finance
- Region
- Latin America
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Female-owned businesses driving economic growth, reducing inequality in Ghana
Microenterprises owned by females have been promoted as a powerful engine of economic and social growth, poverty alleviation and a promenade to the elimination of gender inequality. At the same time, research has documented gender gaps in microenterprise business performance and investment, which can serve to reproduce gender inequality and hinder economic growth.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Press release: Village Enterprise Promotes Campaign to End Poverty in Times Square
"Village Enterprise provides rural Africans living in extreme poverty with the tools and resources they need to start sustainable businesses and savings groups," said Village Enterprise CEO Dianne Calvi. "With the profits and savings from their businesses, entrepreneurs can send their children to school, feed their families more nutritious food, and break cycles of poverty that can span generations."
- Region
- Sub-Saharan Africa
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IBM’s Microfinance Blockchain in Kenya Tests the Viability of Hyperledger
IBM is back supporting a microfinance project using a Hyperledger blockchain to help administer small loans at low interest to food sellers in Kenya.
- Categories
- Entrepreneurship, Technology
- Region
- Sub-Saharan Africa
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Microenterprise graduation leads to higher consumption, asset ownership
“Helping the ultra-poor escape extreme poverty is a global priority, but policymakers are faced with competing ideas about the best way to accomplish this,” said Village Enterprise’s CEO Dianne Calvi.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Citi Foundation and UP Foundation join to strengthen social entrepreneurship in the Philippines
The landmark program aims to develop certificate courses to help build and enhance capacities of practitioners in micro and small enterprise development in Central Luzon.
- Categories
- Entrepreneurship
- Region
- Asia Pacific
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Something Doesn’t Add Up: Improving Basic Math Skills Among Microentrepreneurs in Rural India
Running any business requires a basic knowledge of arithmetic. Entrepreneurs need to calculate change due on a sale, profits and loss, commissions on product sales, and interest rates on loans. If they can't, their business will likely struggle. As part of a study to identify whether basic math skills contribute to entrepreneurial success in rural India, Madura Microfinance assessed the numerical capabilities of microentrepreneurs. The results were surprising – and somewhat alarming.
- Categories
- Education, Entrepreneurship
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