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Crypto: What Can It Do for Those in Poverty?
From using crypto for fundraising for charity to providing food vouchers to refugees, the social sector seems increasingly open and ready to tap into this new form of digital cash.
- Categories
- Finance, Technology
- Region
- Global
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ABC Fund Injects $3 Million into Microfinance Lending in Colombia
The Agri-Business Capital Fund (‘ABC Fund’) today announces that it has completed a USD 3 million loan to Colombia-based Finamiga, which focuses on lending to small farmers and independent workers.
- Categories
- Agriculture
- Region
- Latin America
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Pandemic Sends 4.7 Million More People Into Extreme Poverty in South East Asia – Asian Development Bank
The pandemic added 4.7 million more people to Southeast Asia's most extreme poor in 2021, reversing gains made in fighting poverty, the Asian Development Bank (ADB) said.
- Categories
- Coronavirus, Health Care
- Region
- South Asia
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Development Bank Accused of Lending Millions to Companies Allegedly Linked to Forced Labor in Xinjiang
New research suggests the IFC, which operates under the World Bank Group, has been providing hundreds of millions of dollars in loans to companies that may be relying on forced labor from Uyghur and other ethnic minority groups in China's western Xinjiang region.
- Categories
- Entrepreneurship, Investing
- Region
- Asia Pacific
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Viewpoint: Social Entrepreneurship Leads the Charge to Reinvent Capitalism
These Ventures Present Ways to Harness the Power of the Marketplace to Achieve What Current Capitalism Struggles to Do.
- Categories
- Entrepreneurship
- Region
- Global
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Shell Foundation’s EEGF Receives $13 Million Injection to Accelerate Access to Clean Energy in Sub-Saharan Africa
Energy Entrepreneurs Growth Fund (EEGF) in Africa has received a US$13 million injection from FinDev Canada.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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The Next Financial Inclusion Revolution: The Transformative Potential of Scaling Small Group Savings in the World’s Poorest Communities
Despite $52 billion invested in financial inclusion in 2019 alone, nearly 2 billion people – many of them among the world’s poorest – still lack access to formal finance. As Jeffrey Ashe at Grassroots Finance Action points out, these communities often turn to informal savings and credit groups to meet their financial needs – but there are many who are too poor and marginalized to be invited to be part of these groups. He explores a proposal that aims to expand access to informal savings groups to reach these financially excluded individuals around the world.
- Categories
- Finance
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Analysis: COVID Pushed 31 Million People Into Extreme Poverty
In an annual report that looks at the world’s progress on the Sustainable Development Goals, the Gates Foundation says that 31 million additional people have been pushed into extreme poverty.
- Categories
- Coronavirus, Technology
- Region
- Global
- Tags
- coronavirus, extreme poverty, healthcare, LMICs, pandemics, poverty, SDGs, technology, vaccines
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