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NexThought Monday: How Innovative Financing Mechanisms Are Helping Afghanistan’s Farmers
It’s not easy to improve farmers’ livelihoods in any developing country. Add in ongoing violence, feeble institutions, and some of the lowest living standards in the world, and the task can seem nearly impossible. But in August 2010, a project team from DAI landed in Afghanistan to do just that—by implementing USAID’s Agricultural Credit Enhancement (ACE) program, which aimed to lend $100 million to farmers and agribusinesses to invest in agriculture across the country.
- Categories
- Agriculture, Education
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Via London and Seattle, Microfinance and Carbon Credits Intersect in Ulaanbaatar
In the Mongolian capital city of Ulaanbaatar, more than a quarter of the population lives in “gers,” the traditional and ubiquitous tent-like structures, which are often insulated and heated by inefficient coal-burning stoves that contribute to stifling air pollution. A new multi-player partnership to finance carbon credits and energy efficiency aims to change that.
- Categories
- Environment
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How Tony Elumelu’s ‘Africapitalism’ Aims to Redefine African Economic Development
Tony Elumelu did not set out to create social change during his tenure at the helm of United Bank of Africa. "We wanted to democratize banking – at the time, it was an economic, not a social act,” he said during a keynote speech the Global Philanthropy Forum. Elumelu turned the failing Nigerian bank United Bank of Africa (UBA), which was purchased in 1997 for $5 million, into a multi-billion dollar financial services powerhouse. Elumelu is now taking his learnings from this experience to redefine strategies for African economic development.
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- Uncategorized
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Can SKS Change Its Spots?
After being the bad boy of microfinance, SKS is now trying to pick itself up and transform into a more cost-effective, diversified organization.
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- Uncategorized
- Region
- South Asia
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Microplanet Technologies Names Daryl Skoog, Former Head of Opportunity International MIS, as Executive Director
MicroPlanet brings together a world-class team of technology professionals to support microfinance sector
- Source
- Press Release
- Categories
- Education, Technology
- Tags
- microfinance
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Microfinance Giant Launches Venture Capital Fund For East Africa
Accion, an international microfinance and investment firm, has launched Venture Lab, a $10 million investment vehicle which will provide seed capital and management support to financial inclusion startups worldwide, with a particular focus on East Africa and India.
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- Investing, Technology
- Region
- North Africa & Near East
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Government’s Heavy-handed Regulation of Microfinance Will Kill It and Bring Back Moneylenders
Among many Bills stuck in the legislative process is the Micro Finance Institutions (Development and Regulation) Bill. This is a 2011 Bill. An earlier 2007 Bill was introduced in the Lok Sabha, but lapsed with the lower House's dissolution in 2009. Financial inclusion shouldn't mean only credit.
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- Uncategorized
- Region
- South Asia
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What It Will Take to ‘Graduate’ 1.2 Billion People Out of Extreme Poverty
Despite the worldwide recession of the late 2000s, the total number of people living in extreme poverty has actually gone down in recent years -- so much, in fact, that we've reached the first of the UN's eightMillennium Development Goals five years ahead of schedule, a startling achievement. The number living in "extreme poverty" decreased by 100 million between 2005 and 2008.
- Categories
- Impact Assessment
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