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Getting Silicon Valley Behind Development: First, change its attitudes
Silicon Valley has become the global center for entrepreneurship because it has developed the assets, networks and cultural values necessary to promote risk-taking and innovation. The Valley has an incredibly productive and self-reinforcing entrepreneurial ecosystem. Such a system may well be impossible to fully replicate in other places — especially in less wealthy, emerging market regions. However, entrepreneurial talent and passion can be found everywhere.
- Categories
- Entrepreneurship
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USAID to Support 1,500 Social Entrepreneurs in Uganda
As many as 1,500 social entrepreneurs in Uganda will this year receive training, coaching and mentoring, thanks to a partnership between U.S. Agency for International Development (USAID) and Foundation Uganda Ltd, a social enterprise support system.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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IFC Promotes Access to Finance for SMEs in Peru With US$50 Million Loan to Mibanco
The International Finance Corporation (IFC), a member of the World Bank Group, disbursed a loan of S/.167.6 million (approximately US$50 million) to Mibanco, the largest microfinance institution in Peru and Latin America, with the aim of increasing financing to small and medium enterprises (SMEs) and low-income sectors of the population, thus helping boost job creation and economic growth.
- Categories
- Uncategorized
- Region
- Latin America
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IFC to Lend $150M to Shriram Transport Finance
International Finance Corporation (IFC), the private sector lending arm of the World Bank, has agreed to invest $150 million in Shriram Transport Finance Company Ltd (STFCL) in the form of senior debt to help the firm provide more finance to micro, small and medium enterprises (MSMEs).
- Categories
- Uncategorized
- Region
- South Asia
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OPIC Achieves $1 Billion in Global Microfiance Support
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced that the agency has surpassed $1 billion in financing support to global microfinance institutions, lenders and frameworks since 2010. OPIC provides financing to microfinance institutions through investments in microfinance vehicles, targeted credit facilities to individual microfinance institutions (MFIs), risk-sharing agreements, and guaranties supporting innovative industry efforts. OPIC’s financing has supported more than 100 microfinance institutions in more than 30 countries.
- Categories
- Investing
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A Holistic Approach: Three keys to helping small businesses access the finance they need
Among the many obstacles to the growth faced by small and medium-sized enterprises, the inability to access credit tops the list. How can intermediaries, such as nonprofit organizations supporting SMEs, help them access the credit that they need? There is room for a more holistic approach to supporting SMEs in search of financing. Here are three key lessons drawn from TechnoServe’s projects to support entrepreneurs in Sub-Saharan Africa and Latin America.
- Categories
- Entrepreneurship
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18th Microcredit Summit Campaign Announces Declaration on Economic Empowerment and Social Inclusion
Organised jointly by Khalifa Fund for Enterprise Development, the Arab Gulf Programme for Development (AGFUND), and the Microcredit Summit Campaign, the summit gathered 1000 global policy makers, central bank managers and microfinance experts to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.
- Categories
- Entrepreneurship
- Region
- North Africa & Near East
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Zimbabwe Launches National Financial Inclusion Strategy
The Reserve Bank of Zimbabwe through various stakeholders is aiming to increase the level of access to formal financial services within the country to 90 percent from 69 percent while improving the proportion of financially included small business to 80 percent by 2020.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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