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In a cash-only economy, innovation should empower world’s poorest with financial services: The E-Pay Innovation Award carries a $10,000 prize for the most pioneering startup
Imagine a global economy based entirely on cash. You receive your weekly pay in cash; you pay your rent in cash; you pay your monthly electric and water bills in cash; you apply for a loan and receive the money in cash; and you save cash under the mattress in case of an emergency. It seems almost unimaginable in the United States and Europe, but the fact is, of the 2.6 billion people who live on less than $2 per day, nearly 80 percent do not have access to a bank account.
- Categories
- Technology
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The Toyola Money Box: The BoP marketing tactic you wish you’d thought of
It’s just a condensed milk tin with a hole in the top – empty, collected from garbage dumps by local kids.
But slap a masking tape label on it that reads “Toyola Money Box” and you have a piece of BoP marketing genius - a tactic that helps each Toyola salesperson sell around 4,400 cook stoves in rural Ghana a year.- Categories
- Technology
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Measuring Impact – Do Non-Profits Do It Better?: Reflections on Dasra’s Philanthropy Week
The number of millionaires in India is growing, and their interest in philanthropy along with the growth of corporate foundations in India means that the social sector will receive an infusion of capital. Born from an era of private sector growth these new funders will likely bring high expectations for scale and impact to the table when assessing social initiatives. Dasra’s Philanthropy Week, is a unique forum in India to compare a number of social enterprises to the standards of these high impact philanthropists.
- Categories
- Impact Assessment, Social Enterprise
