Financial accessibility and management
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Chilean bank pursues business opportunities in the low-income microenterprise market
Where others see obstacles, Chile’s Banco de Crédito e Inversiones (BCI) sees opportunities.
Women Initiative for Prosperity (WIP)
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The Women’s Initiative for Prosperity (WIP) is a Ugandan community-based NGO. The organisation uses a holistic approach in its development projects. This ensures that projects are not only focused on restoring people and their communities to their pre-crisis conditions, but also on establishing a...
Cemex makes home improvements accessible for the poor in Mexican slums
Construmex is one of CEMEX's vanguard social initiatives. It was launched following the company's experience resulting from Patrimonio Hoy, a preceding low-income market and socially minded business initiative. Since its inception in 2001, Construmex has helped more than 14,000 Mexican migrants in...
WIZZIT reaching the Unbanked of South Africa
It is estimated that 40 percent of South Africa's 45 million population are un-banked or under-banked. However, nearly 60 percent of South Africans have mobile phones. The proliferation of mobile services worldwide has created a unique opportunity to provide social and financial services over the...
Empowering poor Dalit in rural villages in India through job skills training
The Scheduled Castes (Dalit) constitute more than 70% of the total population of Orissa as per census 2011. Pana, Dom, Ganda, Ghasi, Hadi, Kandara, Bauri, Gokha, Dhoba are treated most socially and economical backward schedule castes in Odisha. These sub caste are socially untouchable, socially,...
Rajawali’s Express Taxi: Working with Taxi Drivers as Business Partners in Indonesia
The 1997 Asian financial crisis created a job vacuum in Indonesia, with companies forced to lay off 1.4 million workers. A decade later, unemployment rates continue to rise and poverty defines the context for Indonesia’s economy, social relations and security. Express Taxi, a subsidiary of the...
Partnerships allow Rural Finance Corporation to promote rural development in Moldova
Rural Finance Corporation (RFC) is a non-bank for-profit financial institution that has been functioning on the financial market of the Republic of Moldova for 10 years. Its mission is to directly take action against poverty in Moldova and promote rural development, offering favorable financial...
Public-private partnerships provide microfinance to remote regions of Voronezh Oblast
The Voronezh Oblast State Fund for Small Business Support (hereafter referred to as ‘the Fund’) in cooperation with a multitude of partners started in 2009 to provide microfinance services and mobile banking for micro-and small businesses in the remote regions of Voronezh Oblast. The...
India Financial Inclusion Fund raises $90M kitty
The India Financial Inclusion Fund (IFIF), an equity fund that invests in companies that provide financial services to low-income clients, has, after its final closing, raised USD 90 million worth of capital in the last fifteen months. The fund will be used to invest in microfinance institutions...
Adidas is to make €1 trainers for millions of people around the world who cannot afford to buy shoes
Reebok International is working to develop a "sustainable business model" as part of its German parent Adidas AG's plans to sell "one dollar shoes" in India. After conducting a pilot test for 5,000 pairs of shoes of an existing design of Reebok in three villages in Bangladesh last year, the firm...