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The Least Sexy Approach to Development: Why We Need to Focus on Systems Change
Even within the systems-change sector, people joke that it is one of the least “sexy” facets of development work. Focused on addressing the faults in social, economic and political systems that lead to problems like poverty, the approach can be overwhelmingly complex, which has limited its widespread implementation. But as Lexi Doolittle at S3IDF explains, a market-based approach that nudges these systems towards greater inclusivity and productivity is a vital tool to catalyze social change – one that we cannot afford to overlook.
- Categories
- Investing, Social Enterprise, Uncategorized
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Press release: FINCA International and USAID PACE launch FINCA Forward, a fintech innovation platform
Emerging fintech businesses are fundamentally transforming financial services, employing new data analysis solutions and digital delivery systems, in ways that can have substantial outcomes for the world's poor.
- Categories
- Finance
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Cambodia Has a Big Problem With Small Loans
Economists worry that at best the debt could put the brakes on economic growth, and at worst could fuel social unrest as inequality rises.
- Region
- Asia Pacific
- Tags
- microfinance
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This Singaporean Fintech Startup Introduced Mobile-based Microlending to Mongolia
Access to capital is difficult in emerging markets, especially for people without a long financial history, says AND Global co-founder.
- Categories
- Finance
- Region
- Asia Pacific
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India looks to spread financial services via mobile app, quick loans portal
The Indian government has launched a web portal, a mobile application and a financial inclusion index in order to bring the country’s unbanked under the ambit of financial services industry.
- Categories
- Finance
- Region
- South Asia
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Press release: Grameen America Hits $1 Billion Milestone in Microloans to Low-Income Women
"This record $1 billion achievement is proof that the model can scale successfully, and we are excited to see where the next decade takes us," said Yunus. "Many had doubts that microfinance would be effective as a poverty alleviation tool in the United States, but we have clearly proved them wrong."
- Region
- North America
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Press release: Advans Côte d’Ivoire, ESAF Small Finance Bank, and KMF announced as Finalists for European Microfinance Award on Financial Inclusion through Technology
After the announcement of the three finalists, the Luxembourg Minister for Development Cooperation and Humanitarian Affairs, Mr. Romain Schneider said: “Technology provides immense opportunities in everyone’s lives, from rich countries to poor, from people in cities to those in remote villages. What we see from the three finalists of the European Microfinance Award this year is the enormous energy, creativity and innovation that has developed through the link between technology and financial inclusion”.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India: Satya MicroCapital raises $5.5m from two impact investment funds
Satya MicroCapital provides loans to small entrepreneurs in both rural and urban areas. Its limited liability group (LLG) model, mainly focuses on women, with their husbands acting as co-borrowers, through a credit product that allows them to start a new business or build their existing business.
- Categories
- Investing
- Region
- South Asia
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