Finance
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HSBC and Bandhan help family to purchase rickshaws
Shukla's husband was a rickshaw puller. He rented a rickshaw for 25 to 30 rupees per day and earned around 2,200 rupees per month. After learning about microfinance loans provided by Bandhan, a microfinance institution, Shukla approached them for a loan of 5,000 rupees which she received.
Local Wells Fargo Bank Donates Thanksgiving Lunch to Refugees
Thirty-three refugees celebrated their first Thanksgiving, festivities which were sponsored by a local Wells Fargo branch and included five turkeys and all the trimmings of a traditional Thanksgiving meal. The Wells Fargo branch, located on Brand Boulevard in Glendale, California has partnered...
Uganda: Kampala to get Sh480 Million to Ensure Success of a Sanitation Project
The Ministry of Water and Environment and the German Technical Cooperation (GTZ), have launched a public-private initiative to improve access to sanitation for the urban poor in Kampala. The project will be implemented in partnership with Crestanks and Poly Fibre, private companies that produce and...
The Asian Development Bank and Non-Governmental Organizations: Working Together
The Microcredit Project in Indonesia, established by the Asian Development Bank and approved in 1994, focuses on microenterprise support, recognizing the potential of microenterprises to create jobs at low capital input costs and raise the income levels of the poor.
KPMG supports Fairtrade Africa
BRIGHT is KPMG Europe’s first skills-based pro-bono project that supports the Millennium Development Goals. The global financial services group aims to support capacity building in the core areas of finance, risk management, operational excellence, human resources, IT and marketing. During 2011,...
A Little World: Facilitating Safe and Efficient M-Banking in Rural India
A Little World (ALW)is an Indian company facilitating safe and efficient mobile-banking in rural India by offering a secure, low‐cost technology driven delivery platform for financial services through special mobile phones.
How financial illiteracy becomes both the cause and consequence of economic inequality
This is a blogpost on the CRS newswire that questions the usefulness of CSR programmes provided by banks and other financial institutions.
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.
Vodafone and Safaricom Kenya: Extending the Range and Reliability of Financial Services to the Poor in Rural Kenya
Kenya has fewer than 2 million bank accounts serving 32 million people. To bridge the gap, Safaricom Kenya, one of two mobile service providers in Kenya, developed a technological solution in partnership with Vodafone. The result was MPESA, an electronic money transfer product to make financial...
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...
Tengizchevroil identifies and facilitates loans at no interest to boost small business development in Kazakhstan
In the 20 years since the dissolution of the former Soviet Union, Kazakhstan has experienced economic setbacks and increased poverty. One major hurdle to small business growth is lack of financing for loans. However, the Central Asian nation has attracted investors.
Allianz, UNDP and GTZ partner for a three-country study on Micro-insurance
In 2006, the United Nations Development Program (UNDP) approached Allianz to work together on a market potential study to analyse the demand, acceptability and affordability of microinsurance products.
Corporate charitable partnerships come alive with Five Talents
Five Talents UK, a microfinance charity, has secured several corporate partnerships which have had a transformative effect.
WaterCredit Initiative: Connecting Micro-finance to Water and Sanitation
The WaterCredit Initiative is an initiative of WaterCredit Partners, an organisation with a long history of providing grants to assist communities with water supply and sanitation (WSS) services.
Linking Traditional Banking with Modern Finance: Barclays Microbanking - Susu Collectors Initiative
Susu collection, practiced for more three centuries in Africa, is an informal arrangement for mobilizing savings deposits from clients. Operators collect a predetermined installment of money from their client, daily or weekly. With about 4,000 active Susu collectors in Ghana and each serving...
Venture capital for low-income markets in Latin America and the Caribbean
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but can also be a profitable business venture.
KPMG, partnering with the Refugee Council, helps refugees through its mentoring programme
Since 2005, KPMG has partnered with the Refugee Council UK to help refugees with experience working in the finance industry in their countries of origin overcome barriers to employment in the UK. It does this through a mentorship program which partners KPMG volunteers with refugees to guide them...
Vortex Engineering and Wizzit Bank announce new banking services for the rural poor
Two companies have announced that they will be providing banking services to more than 30 million low-income people in India and South Africa by 2015 through their commitments to the Business Call to Action (BCtA), a global initiative that encourages private sector efforts to fight poverty.
Women on the West Bank fight poverty with enterprise
A few short years after the war in Gaza, women in the West Bank are overcoming poverty by running their own co-operatives. With training, marketing assistance, and funding from several aid agencies, the women have been able to set up their own small businesses.