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IFC Invests in Postal Savings Bank of China to Promote Financial Inclusion for Underserved
The FINANCIAL -- IFC, a member of the World Bank Group, on December 10 announced an investment in Postal Savings Bank of China (PSBC). The investment will help promote access to finance in a country, which according to World Bank Group data, is home to 12% of the world’s unbanked, some 235 million people, many of whom live in rural areas.
- Categories
- Investing
- Region
- South Asia
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Microloans Don’t Solve Poverty
When Benita Chikaluma’s husband died in 1994, her family could easily have fallen into desperate poverty. Chikaluma lives in Malawi, a poor country in southern Africa where women often have little control over their finances. But thanks to the tiniest of loans — just $25 — she was able to build a business, first selling firewood and then empty plastic bottles, and now owns a home with running water and electricity.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Ethical Business Actions and Poverty Reduction
Poverty alleviation is the main concern of many countries. Poverty is said to be an economic, social, cultural, political and moral phenomenon. Like the issue, its solutions are multi-faceted. It requires a collective action from governments, corporations, citizens, consumers, workers, investors and educators.
- Categories
- Agriculture
- Region
- Asia Pacific
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NexThought Monday: Women Entrepreneurs to the Rescue
Ebola was always an emergency within an emergency, says Faruque Ahmed, executive director of BRAC International. Now, with the immediate threat of the disease gone, West Africans have the much-needed space to shift their energies back to tackling the even greater scourge of rural poverty and powerlessness.
- Categories
- Agriculture, Health Care
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Weekly Roundup 12-4-15: Did Zuckerberg and Chan Just Become the World’s Biggest Impact Investors?
The Chan Zuckerberg Initiative set tongues wagging and some people pining for an "unlike" button to click on Facebook this week. But impact investing/philanthropy expert Antony Bugg-Levine is taking a wait-and-see attitude, saying, "It’s the doing, not the announcing, we need to judge."
- Categories
- Investing
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Disrupting the Disruption
What appears to be truly disruptive is an education model in which students are forced to go beyond “business as usual” and build models where everyone can play a role in creating a more inclusive economy.
- Categories
- Education
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Banks Have a $380 Billion Market Opportunity in Financial Inclusion: Accenture and CARE International UK Study
Banks can address an additional $380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a report produced jointly byAccenture and CARE International UK, a leading humanitarian organization fighting global poverty.
- Categories
- Uncategorized
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Asian Firms Can Take the Lead in Curbing Poverty, WB Says
Family-owned Asian businesses like the conglomerates that dominate the Philippine economy get a bad rap from more widely held “western” corporations, which are seen as more competitive due to better management.
- Categories
- Uncategorized
- Region
- Asia Pacific
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