The World Bank and British Council back social enterprise in Morocco

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The World Bank and British Council back social enterprise in Morocco

The social enterprise sector in Morocco needs to be developed. This could be achieved through a mix of four policy interventions: capacity building training for existing NGOs; provision of grants to social enterprise start-ups; access to finance to help middle-size social enterprises develop; and, the preferential provision of government contracts to social enterprises for certain social services.

With support from a Multi-Donor Trust Fund, the World Bank and the British Council are promoting the social enterprise agenda in Morocco. To that end, both institutions will sign a memorandum of understanding (mou) to raise awareness of the potential of social enterprises to create jobs and partner with the government in the provision of social services. They will also develop a pilot programme under this mou to provide support, coaching, and financing to social enterprises in Morocco.

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via theguardian.com

U.S., UK, Sweden, and Australia Launch New $200 Million Global Innovation Fund in Partnership with Omidyar Network

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U.S., UK, Sweden, and Australia Launch New $200 Million Global Innovation Fund in Partnership with Omidyar Network

Through our grants and risk capital, we support breakthrough solutions to global development challenges from social enterprises, for-profit firms, non-profit organisations, researchers, and government agencies.

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via globalinnovation.fund

U.S. Global Development Lab Launches Three Public-Private Partnerships to Grow Impact Investing and Create Pathways to Scale

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U.S. Global Development Lab Launches Three Public-Private Partnerships to Grow Impact Investing and Create Pathways to Scale

Entrepreneurs play a vital role in driving economic growth, creating jobs and innovating to improve peoples’ lives. Impact investors seek to support businesses with potential for both financial and social returns. Yet impact investors are often unable to connect with the very entrepreneurs they hope to finance due to the challenges of doing business in developing countries.

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via usaid.gov

In Mexico: Supporting high-impact social and environmental companies

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In Mexico: Supporting high-impact social and environmental companies

Adobe Capital is an impact investment fund focused on supporting the early growth of social and environmental companies in Mexico. Adobe Capital invests in innovative companies that have significant potential to scale and be financially profitable, while delivering products and services which significantly impact the quality of life of a critical mass of people.

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via adobecapital.org

How Mobile Phone Carriers Are Helping Insure The 4 Billion People Who Live Without A Safety Net

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How Mobile Phone Carriers Are Helping Insure The 4 Billion People Who Live Without A Safety Net

With this system, every time a customer tops up his SIM card, he gets free insurance coverage. The model helps carriers increase brand loyalty and gets people in poverty comfortable with the emerging concept of micro-insurance.

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via microensure.com