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Viewpoint: Remittances, The Flywheel Of The Global Economy
In a world roiled by populist sentiments and anti-immigrant tendencies, the world’s well-trodden migration corridors, which follow remittance corridors one to one, are under strain.
- Categories
- Finance
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The Latest in Impact Investing in Latin America: Recent Data Shows Dynamic Growth – And New Challenges
Latin America has been making global headlines of late, though often for negative reasons—from the divisive election in Brazil, to the conflict over Central American migrants. But according to Rebeca Rocha at ANDE Brazil, there’s a more encouraging development that’s been building up under the radar: the growth of impact investing in the region. ANDE recently launched the second edition of its biannual survey of impact investing in Latin America, and Rocha shares some findings that highlight both the sector’s momentum, and its emerging challenges.
- Categories
- Investing
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Sparrow’s RefugeeMobile Program Shows Smartphones Help Refugee Families Arriving in the US Resettle More Successfully
The results are in: research shows that smartphones help refugees resettle more successfully. RefugeeMobile, a smartphone program launched in May 2016 with the goal of helping refugee families arriving in the US resettle more successfully, has developed a proven program for refugees who have access to smartphones and data service. Recipients are more likely to integrate, be employed, and have higher paying jobs, according to new research.
- Categories
- Technology, Telecommunications
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Immigrants Create Jobs – Small Loans Can Help: New Research on the Impact of Supporting Underserved Entrepreneurs
Did you know that immigrants and their children have helped found 60 percent of the most highly valued tech companies in the U.S. (currently worth $3.8 trillion)? That statistic highlights a fact that’s being lost in the immigration debate: Recent immigrants are natural entrepreneurs, who create jobs and economic growth for themselves, their families and their communities. Opportunity Fund’s vice president, Gwendy Brown, explores new research showing how small loans can help immigrants and other underserved entrepreneurs build their businesses and maximize their impact.
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Press release: New Report Shows Creating Financial Access for Immigrants & Underserved Entrepreneurs Increases Credit Scores and Leads to Job Creation
Opportunity Fund research shows microlending to immigrant and underserved entrepreneurs in California creates a path into the mainstream economy for borrowers and leads to job creation and economic activity in communities.
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- Press release
- Categories
- Finance
- Region
- North America
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How one engineer made it his business to help refugees become entrepreneurs
Usman Iftikhar turned his struggle to land a full-time engineering job into a startup accelerator that helps refugees and migrants realise their entrepreneurial ambitions – and received a Royal seal of approval for his efforts.
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- Uncategorized
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Digital Remittances: Now that they’re here, where are they headed?
Economic migrants send US $600 billion back to their home countries each year, most using expensive "traditional" agent networks, despite the availability of cheaper digital channels. But Xavier Martin Palomas with the Digital Frontiers Institute notes that in the past five years, we've seen a new wave of players and a renewed push toward digitizing remittances. Next month the Digital Frontiers Institute will launch its first course, Remittances in the Digital Age, to study the rapidly changing industry.
- Categories
- Finance
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Supporting the ‘Safe Journey’: How Mobile Tech is Making Migration More Secure and Less Costly
In Nepal’s rural areas, foreign employment in wealthy economies like Qatar, Saudi Arabia and South Korea can be a huge economic opportunity. But migrants to these countries are often exploited by employment brokers and others, who take advantage of the complexity of the migration process to charge high fees for job placements or loans. Benjamin Lokshin at the Asia Foundation discusses the foundation's innovative 'Shuvayatra' platform, which leverages mobile tools to help bridge the gaps between migrants and providers of important services.
- Categories
- Finance
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