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Microcredit Impact Revisited
A few years ago, a storm was raging in the microcredit world. Nobel laureate Muhammad Yunus, a pioneer of the idea behind giving small working capital loans to groups of mainly poor women based on social collateral, had promised that microcredit would end poverty and "put it in the museums." But in an influential 2010 study, a group of researchers who spearheaded the concept of randomized-controlled trials (RCTs) in development economics, found no evidence that microcredit was making poverty history.
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- Uncategorized
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Opinion: How Rising Food Prices Can Bring About the End of Poverty
One of the world’s cruellest dilemmas is that the great majority of its starvation and malnutrition cases are found among farmers.
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- Agriculture, Environment
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OPINION: Why Giving Cash Helps Alleviate Poverty
Every year, wealthy countries spend billions of dollars to help the world’s poor, paying for cows, goats, seeds, beans, textbooks, business training, microloans, and much more. Such aid is designed to give poor people things they can’t afford or the tools and skills to earn more. Much of this aid undoubtedly works. But even when assistance programs accomplish things, they often do so in a tremendously expensive and inefficient way.
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World Bank to Spend $8 Billion on Nigeria Over Four Years
The World Bank said it will provide Nigeria with projects worth $8 billion targeting job creation, social services and governance as part of its new country partnership strategy with Africa’s largest economy.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Putting Microbusiness on the Map: U.S. students survey local businesses to compete for social enterprise seed funding
In the U.S., 3.7 million people remain long-term unemployed. Without job opportunities, many Americans are becoming entrepreneurial out of necessity - but they often lack capital. That’s why Lend for America is working with local students in the Philadelphia area to provide microfinance for social entrepreneurship.
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- Finance, Impact Assessment, Social Enterprise
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ADB to propose new poverty threshold for developing Asia
The Asian Development Bank (ADB) intends to propose a new poverty threshold for developing Asia to better reflect the state of poverty in Asia-Pacific region.
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Why are Africans Getting Ripped off on Remittances?
Four factors combine to drive up charges. The first is limited competition.
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- Uncategorized
- Region
- Sub-Saharan Africa
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ICD boosting activity in Africa to widen Islamic finance appeal
The private sector arm of the Jeddah-based Islamic Development Bank [ISDBA.UL] plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said.
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- Uncategorized
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