Category Archives: Featured

tala-logo

Tell me about Tala

Tala, formerly InVenture, is revolutionizing financial services in countries around the world by bringing credit scores to billions of people in East Africa, India and South Africa who not only don’t have one, but don’t have a mechanism to get one. These individuals may not be unbanked, but their countries have no system for them to measure their credit. This makes makes scalability and financial growth difficult: if you are a borrower, … Read More >>

kiva-logo

Kiva U.S. has arrived

Kiva.org is known for crowdfunding socially responsible business loans (in increments of just $25) between ordinary people halfway around the world from one another. The cornerstone of the non-profit organization is the online platform, which allows anyone with an Internet connection, $25 and a PayPal account to contribute to a small loan for someone in the developing world. The practice highlights the strength of the American dollar when efficiently applied in the developing world; $300 USD for a farmer in … Read More >>

I’m one of those people who believe in the nonexistence of luck. I define luck as when preparedness meets an opportunity. I concur with what Wesley Cohen and Daniel Leventhal would call it in their studies: “Fortune favors the prepared firm”. I so believe because even at my level as a graduate student and intern at Zidisha, most of the good things that have come my way have happened because they found me at … Read More >>

Organization: The Adelante Foundation was founded in 1999 to promote economic opportunity for rural Honduran women and provide a sustainable solution to reducing poverty. Adelante follows the Grameen Bank methodology and offers an integrative microfinance-education program to over 7,000 women in nine Honduran departments. The organization has grown by nearly 1,000 clients in 2013 and is looking to expand its fundraising capacity in order to reach more rural families with … Read More >>

Microfinance Internships

Here’s a few Microfinance Internships to recently got posted: 100 Million Project Intern Microcredit Summit Campaign About the Job: MCS is seeking a 100 Million Project Intern. S/he will support the organization’s 100 Million Project, which aims to galvanize the microfinance and financial inclusion sector around the “100 million goal”: helping 100 million families lift themselves out of poverty. This is an unpaid internship. [read more] Communications and Social Media … Read More >>

Voting for Microflicks Begins

Last year, WorldVision and VisionFund launched Microflicks, which sends filmmakers around the world to film microfinance. Today, voting just opened up for the top 5 selections out of 120 videos that were submitted. Go to Microflicks to view the films and vote for your favorite microfinance film    

Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, will receive the US Congressional Gold Medal award today, Wednesday April 17th.  Professor Yunus will become only the seventh person in history to receive the Nobel Peace Prize, the Presidential Medal of Freedom, and the Congressional Gold Medal.  Congress will present Professor Yunus with the Gold Medal to honor his pioneering microfinance work.  Earlier, the House of Representatives voted unanimously … Read More >>

Islamic Microfinance on the Rise

An estimated 1.28 million clients around the world use Sharia-compliant microfinance services, a four-fold increase since 2006, according to a Consultative Group to Assist the Poor (CGAP) study released Wednesday April 3rd.  Nearly a third of all institutions reported the launch of their Islamic microfinance operations in the last five years, and the number of providers offering these products has doubled since 2006.  Ninety-two percent of Sharia-compliant loans are concentrated … Read More >>

When we typically think of microfinance, we think of it in the context of alleviating poverty in the developing world.  But microfinance is also hard at work here in the U.S!  Four member organizations of the Accion U.S. Network conducted the U.S. Microfinance: Small Loans, Big Results study in partnership with California microlender Opportunity Fund.  Nearly 500 businesses participated in the study, painting a vivid picture of local microloan outcomes … Read More >>

The Missing Middle

In OECD countries, employment is primarily generated by small and medium sized enterprises (SMEs).  However, in the least developed countries, the SME sector is practically non-existent.  There are a lot of very small companies and a few very large companies, but nobody in the middle.  The “Missing Middle”, as this phenomenon is named, prevents many developing countries from having a true middle class, which largely drives an economy.  How do … Read More >>