Mobile cash reduces hunger, boosts Kenya economy

Link

Mobile cash reduces hunger, boosts Kenya economy

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.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via cajnewsafrica.com

Support for impact investing nonprofits is growing.

Link

Support for impact investing nonprofits is growing.

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.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via fidelitycharitable.org

Medical bill advocacy startup Better pledges all of its revenue towards relieving medical debt

Link

Medical bill advocacy startup Better pledges all of its revenue towards relieving medical debt

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.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via getbetter.co

Blockchain startup AID:Tech brings more transparency to NGOs

Link

Blockchain startup AID:Tech brings more transparency to NGOs

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.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via developer.ibm.com

Why microfinance matters to investors

Link

Why microfinance matters to investors

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.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via symbioticsgroup.com

BizGees – interest free micro loans for refugees

Link

BizGees - interest free micro loans for refugees

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

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn

via bizgees.org