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Microloans Typically Used to Alleviate Poverty Abroad Surging in Silicon Valley
When Silicon Valley small businesses needed an influx of cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer. Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.
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Poverty-Focused Innovation: Alex Counts, CEO of Grameen Foundation, on how to foster financial innovation by creating agency for the poor
As part of NextBillion Financial Innovation’s launch, we invited a number of top innovators and leaders to contribute their views on financial innovation – what’s driving it, where momentum is heading, and what obstacles remain. Today, Alex Counts, CEO of Grameen Foundation, deconstructs the foundation’s approach to financial innovation – and how it maintains the focus on the poor for which the Grameen name is famous.
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The Growing Global Need for Innovative Financial Solutions: Citi Foundation invites you to join an ongoing dialogue around financial inclusion
We envision NextBillion Financial Innovation as a knowledge platform, where a diverse group of experts and practitioners from a range of organizations can share their research or their work, and partake in discussions around financial products, financial capability research and technology. These connections will help us achieve the shared goals of expanding financial services to the underserved, financing promising new businesses, and ultimately, improving the livelihoods of the poor.
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Vikram Akula tries a second coming at SKS Microfinance
Vikram Akula, the poster boy of Indian microfinance who ran into trouble in the company he founded after it was listed, may be eyeing a return to its top post, with a key shareholder backing him.
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- South Asia
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The Ripple Effect: Women Powering Work Through Microfinance And Entrepreneurship
When Roshaneh Zafar quit her job at the World Bank in 1995 to establish the Kashf Foundation, she carried a moment of inspiration and a powerful vision for the future with her. Ten years later, after plenty of opposition along the way, she has proven her critics wrong by showing that women-centered and women-managed microfinance programs in Pakistan can indeed flourish and succeed.
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Microinsurance: Can the Cinderella of Financial Inclusion Join the Global Ball?
The global financial inclusion agenda continues to place insurance at the back of the queue when it comes to funding and broader financial inclusion strategies.
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Matt Damon Tries to Get Clean Water and Toilets for India’s Poor
Matt Damon finds it a challenge to get people to care about water. It’s why he was in India from Aug. 23 to 26 on a four-day tour. Not to promote his latest film Elysium, a sci-fi dystopia with a socialist underpinning, but to help the rural and urban poor in India get access to clean water and sanitation by investing in tube wells, hand pumps and toilets with proper drainage facilities.
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- Agriculture, Health Care
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- South Asia
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- microfinance
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Seminar on Islamic microfinance: SBP stresses upon Islamic finance industry to develop Islamic microfinance
State Bank of Pakistan has stressed upon the Islamic finance industry should take steps to make individual as well as collaborative efforts to develop Islamic microfinance in the country.
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- South Asia
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- microfinance