ABOUT 250 000 people have been saved from severe food insecurity in drought-ravaged Kenya thanks to an innovative, mobile phone-driven cash programme.
Through the scheme, the Kenya Red Cross Society (KRCS) has given monthly grants of KSh3 000 (more US$28) to more than 41 000 drought-affected families spread across 13 counties over the past three months.
Fidelity Charitable made 3,150 donor-recommended grants to impact investing nonprofits, totaling $19.1 million. Impact investing is the idea that organizations or financial vehicles can help achieve social benefits while also generating financial returns. Support for impact investing nonprofits has grown over the last five years; in that time, Fidelity Charitable made $73 million in donor-recommended grants to impact investing nonprofits. Donors have also increasingly recommended investments into Fidelity Charitable’s impact investing pool.
National medical costs hit $3.35 trillion last year, with nearly 43 percent of Americans unable to pay down those costs. That type of debt affects one in every five Americans, according to a Kaiser/New York Times survey and is often cited as the number one reason for personal bankruptcy filings in the U.S.
The startup has enlisted the help of the nonprofit organization RIP Medical Debt, to get it there.
The bamboo range has benefits to both the wearer and the plant. They are naturally antibacterial, breathable, absorbent and super soft. While bamboo is one of the fastest growing plants on the plant, requires little water and land for high yields and no fertiliser, also being 100% biodegradable
The experiment was conducted on the computer system of BC Finance, Myanmar’s biggest microfinance company
They work with governments and NGOs to increase efficiency in the flow of funds and welfare services, as well as to make the process of receiving donations more transparent, traceable, and immutable. Their pilot project with the Red Cross provided Syrian refugees currently living in Lebanon with tokenized vouchers to buy goods and services from participating merchants, resulting in a transparent process in which the Red Cross, donors, and merchants could trace where every cent went in real time.
This white paper explores different factors that will contribute to a new investment paradigm over the coming decades, namely demographics, credit markets, and the global internet connectivity. As no investor portfolio is immune to these dynamics, our publication makes a case for why microfinance investments make sense in light of these global challenges and how it offers investors a solution to long-term challenges.
Once repaid this loan will be used to support another 3-5 Refugees access another Business in a Box Solution. This means over the 2 cycles of the same loan 20 jobs will be created over a 7 year period. Each interest free micro franchise fee loan will support 62 families and improve 483 lives in Year 1. By Year 5, this impact will have grown to 504 families and 4,000 lives
From education and healthcare in South Asia to financial inclusion in South America, the fund epitomizes our belief as a firm that there are opportunities for investors of all types to pursue both positive financial return and sustainable impact
It would be surprising to me if in 30 years from now we aren’t looking back and saying yes this was a watershed moment for financial inclusion, and that cryptocurrency and distributed ledgers played a significant role in opening up access to the financial system in developing economies