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Enhancing Access to Finance for Women Entrepreneurs – What Should Financial Institutions Do?
IFC determined that 70 percent of women entrepreneurs are un(der)served and face a USD $300 billion annual credit deficit. Anup Singh and Christine Wanjiru Gachui of MicroSave make the case for banks extending credit to women, who end up being roughly twice as profitable for them as men.
- Categories
- Entrepreneurship, Financial Inclusion
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Making Hardware Easier: ASME ISHOW Helps Expand Social Impact of ‘Frugal Technologies’
There are few resources to help “frugal technologies” and their makers succeed. That’s the problem that ISHOW, the American Society of Mechanical Engineers' innovation showcase, tries to solve. The competition draws on ASME’s network of engineers, industrial designers, product specialists and diligence and standards experts, as well as venture capitalists and business specialists, all of whom are keen to see hardware innovation achieve a new level of positive impact.
- Categories
- Entrepreneurship, Events and Competitions, Technology
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Want to Boost Financial Inclusion? Pay Interest on Mobile Money
E-money has been the principal means of increasing access to financial inclusion. Yet most accounts in emerging markets are used only to receive government payments that are then quickly withdrawn as cash. Ross P. Buckley, Louise Malady and Cheng-Yun Tsang say that one way to tackle this problem, and to promote financial inclusion, is to pay interest on e-money.
- Categories
- Financial Inclusion
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Social-good innovators bet on blockchains to solve big problems
Undaunted by humanity’s past failures to resolve some of history’s thorniest problems, numerous blockchain and cryptocurrency projects — some led by large international agencies, others by tiny startups – hope to tackle issues like poverty and environmental degradation and spread democracy.
- Categories
- Technology
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Responsible Finance: Moving Money from Mattresses to Mobiles
Technology has made it possible for lower-income people living in developing countries to access financial services that were previously beyond their reach. FINCA Impact Finance CEO Andrée Simon says her firm's new smartphone app, SimSim, which recently emerged from its pilot phase and already has 35,000 users, strikes a balance between the personal touch and modern fintech automation.
- Categories
- Financial Inclusion, Technology
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Public Favors Nonprofit over For-profit Social Enterprise
Three consumer psychologists recently performed a series of studies looking at consumers’ reactions to for-profit social ventures in contrast to nonprofits. They try hard to make a case for the proliferation of for-profit social enterprise, but it is pretty clear that the public is still skeptical.
- Categories
- Uncategorized
- Region
- North America
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The UBI Debate: What We Know – and Don’t Know – About Universal Basic Income
Policymakers from Nairobi to Silicon Valley have lately been considering the same approach to reducing poverty: universal basic income (UBI). Evidence from ongoing randomized evaluations will be key to understanding the impact of UBI, and how this disruptive concept might fit into a broader portfolio of social policies. In the meantime, there is much we already know from impact evaluations of related interventions that can help make sense of the debate. Alison Fahey at J-PAL provides an overview.
- Categories
- Financial Inclusion
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World’s first social impact bond achieved goals and repaid investors
But experts warn that the success of the One Service in Peterborough does not necessarily mean the SIB model will work elsewhere.
- Categories
- Impact Assessment, Investing
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