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Study: Mobile Money Lifts Kenyan Households Out of Poverty
Since 2008, MIT economist Tavneet Suri has studied the financial and social impacts of Kenyan mobile-money services, which allow users to store and exchange monetary values via mobile phone. Her work has shown that these services have helped Kenyans save more money and weather financial storms, among other benefits.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Weekly Roundup: Romanticizing Castro, Bridge’s Troubled Waters and the Benefits of Cash
NB's Weekly Roundup makes the call on whether Cuba's high quality of health care justified Castro’s means of achieving it; ponders the future of a private education company under attack from public sector foes; helps debunk the assumption that poor people, when given cash, will squander it on cigarettes and alcohol; and brings up the possibility that data, as it relates to public health, is a business opportunity.
- Categories
- Education, Health Care, Technology
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Definitive Data on What Poor People Buy When They’re Just Given Cash
It is increasingly common for governments to give poor people money. Rather than grant services or particular goods to those in poverty, such as food or housing, governments have found that it is more effective and efficient to simply hand out cash. In some cases, these cash transfers are conditional on doing something the government deems good, like sending your children to school or getting vaccinated. In other cases, they’re entirely unconditional.
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- Uncategorized
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An Opportunity for Small Businesses Expanding Affordable Internet Access: Grant Applications Open
New Sun Road designed, built and operated the first 24/7 metered electricity service on an off-grid island chain in the southern part of Uganda. It's exactly the type of small business – providing a critical service, creating jobs – that Microsoft aims to support with its Affordable Access Initiative. Applications are open for a new round of grants through the initiative, and will be accepted through Jan. 31.
- Categories
- Technology
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An MVP for Africa: Adapting Poverty Solutions to New Continents and Contexts
Fundación Capital has had success fighting extreme poverty in Latin America, using the Graduation model. Now it's transporting the model to new cultures and contexts on the other side of the Atlantic, starting in Tanzania and Mozambique. Fundación discusses the challenges it has faced in adapting its model to new languages and cultures, and the lessons it has learned in the process.
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- Education, Technology
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The Problem of Mandatory Formalization in Financial Inclusion
An opened bank account in and of itself means very little, and a sitting balance in a bank account is literally a waste of money. What does have meaning is what accumulated savings let a consumer buy or borrow at a lower cost at the right time, without having to beg, borrow (at high cost) or steal. And when that asset grows in a meaningful way, then we have something to write home about: development and wealth accumulation in action.
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- Uncategorized
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Digital Tools for Impact and Scale to Reduce Extreme Poverty
Ana Pantelic writes that Fundación Capital is using tablet-based applications and e-learning platforms to change the way that families living in extreme poverty – and the program mentors who work with them – access information and build local capacity. By integrating digital solutions into its work, the organization has improved and standardized the quality of training, and as a result, scaled national responses to eliminating poverty.
- Categories
- Education, Technology
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Weekly Roundup: Social Impact Sector Reacts to Trump With Fear, Uncertainty … Room for Hope?
It may be hard to believe – and even harder for some to accept – but Donald Trump is now the most powerful man in the world. And like many, the social business and global development world was, shall we say, taken aback by his victory this week. As the new reality sinks in and leaders and commentators try to make sense of his election, we’ve compiled a few of their more memorable reactions.
- Categories
- Social Enterprise
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