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EKO India Financial Services Wins 2011 Tech Awards for Economic Development

Eko India Financial Services India Recognized for Applying Technology to Benefit Humanity Eko India Financial Services (Eko), was named as a laureate of The Tech Awards 2011, one of 15 global innovators recognized each year for applying technology to benefit humanity and spark global change. On October 20, 2011, The Tech Awards, a signature program …

The Bet – Yunus Video on Microfinance

An excellent 7 minute video giving color and scope to the process, social impact, and sustainability of microfinance. From our friends at Kikim Media. Great work! Skoll – The Bet from Kikim Media on Vimeo.

Salvation for the world’s most utterly failed state depends more on private enterprise than international aid – Economist.com

Hope is four-legged and woolly Oct 15th 2011 | BERBERA AND BOSSASO | from the print edition The Economist     WHERE there are beasts, there is life, goes a saying in Somalia. Half of its people depend on livestock for their survival. This year they will export record numbers of animals. That seems improbable given that …

Urban microfinance clients move out of poverty faster than rural

Microfinance Focus, October 22, 2011: Rural microfinance clients are both poorer on average than urban clients and urban clients advance out of poverty at a relatively faster rate (26%) then rural clients (21%). These are the findings from a report released by Grameen Foundation that analyses the data collected by Grameen Koota using Progress out of …

Costs of MFI loans less than SHGs and Banks’ loans

Microfinance Focus, October 12, 2011: Contradicting the widespread impression about high cost of MFI loans, findings of a study show that costs of borrowing loans from microfinance institutions are less compared to loans from SHGs and Banks. Conducted by NCAER-CMCR (National Council for Applied Economic Research-Centre for Macro Consumer Research, India) and funded by MFIN (Microfinance …

Making money in pursuit of social good – Financial Times

By Michele Giddens “Investors as a whole will find it hard to maintain healthy financial returns if faced with accelerating climate change and ecosystem collapse,” according to the recent report Sustainable Economy in 2040, published by Forum for the Future, a non-profit organisation working for a sustainable future. The study comes at the end of a …