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P Chidambaram urges banks to lend more to the poor
By saying banks need to lend more to the poor, Union finance minister P Chidambaram is on the right track. There is no denying that India continues to be a significantly under-banked country. Around 41% of the population is unbanked, with the figure touching as high as 61% in rural areas.
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- Uncategorized
- Region
- South Asia
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Why Should Banks Reach Out to Social Entrepreneurs? : That question will be front and center at the world’s largest banking conference
On Oct. 30, in Osaka, 8,000 bankers will convene for the world’s largest banking conference, SIBOS, and for the first time enter into a dialogue with social entrepreneurs about the future of their industry – based on concrete ideas for new business with social impact.
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- Uncategorized
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Science and Technology: The Next Frontier of Inclusive Business
Latin America and the world have already demonstrated that inclusive businesses not only exist, but are capable of growing accelerated and profitably. What is missing is showing rates of return that exceed that of the market to attract investors and the traditional actors of economic and entrepreneurial development. Science and technology might be the solution.
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- Technology
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The World We Want: Business development will play a much larger role in the future Millennium Development Goals
As we near 2015, the world needs to remain focused on securing as much progress as possible on the current set of Millennium Development Goals. UNDP joined forces with Business Fights Poverty, the Business Call to Action, the Overseas Development Institute and the UN Global Compact to explore, from a business perspective, what a future development framework might look like.
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What’s Wrong with ‘Banking the Unbanked’?: Measuring active bank accounts is a better metric for financial inclusion
While the possession of a bank account may be a step toward financial inclusion, it should not be confused with genuine inclusion. A bank account puts people on a path toward financial inclusion, we cannot be at all certain that they are proceeding down the path.
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Accion’s Venture Lab: Open Ideas, Open for Business
Launched in April, the US $10 million seed-stage initiative is focused on for-profit enterprises with new products or business models that expand the range of high-quality financial services for people at the base of the pyramid.
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- Technology
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Kyrgyzstan’s Leading Microfinance Institution, Bai Tushum, Becomes A Bank
BISHKEK, Kyrgyzstan, Oct. 5, 2012 — /PRNewswire-USNewswire/ -- On September 26 microfinance company Bai Tushum and Partners received preliminary permission from the National Bank of the Kyrgyz Republic to operate as a bank.
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- Uncategorized
- Region
- Europe & Eurasia
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Liberia: Lifting Liberia by Lifting Women -President Sirleaf Heightens Crusade on Women
President Ellen Johnson-Sirleaf, addressing a Goldman Sachs Foundation Cocktail and Dinner at the Mandarin Oriental Hotel, Sunday, says one of the surest ways to lift Liberia is to train and empower 70% of the nation’s population, which are women and the youth.
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- Uncategorized
- Region
- Sub-Saharan Africa
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