Ugandan fintech social enterprise Innovate More is empowering savings and credit cooperatives with digital information management systems to provide financial services tailored to the needs of unbanked communities.
KAMPALA, Uganda, March 12, 2019 /3BL Media/ – Fintech social enterprise Innovate More Uganda has joined Business Call to Action (BCtA) with a commitment to provide access to digital financial management services to 168,000 low income Ugandans, along with complementary digital finance and mobile banking training, by 2023.
by Carl R. Tannenbaum, Ryan James Boyle, and Vaibhav Tandon
I was born too early to benefit much from Sesame Street, but I still loved The Muppets. Kermit the Frog was my favorite character; alternatively in full control and overwhelmed, Kermit struggled to make sense of the nonsensical. To this day, there are times that I feel confronted with the same challenge.
Kermit produced numerous pearls of wisdom, such as:
“Beware of advice from experts, pigs, and members of Parliament.”
“It’s nice to be important. But it’s important to be nice.”
This year, Whole Planet Foundation’s Annual Prosperity Campaign aims to raise $4 million dollars to fund people living in poverty where Whole Foods Market sources products. Amplifying this year’s Prosperity Campaign, suppliers to Whole Foods Market in our top giving levels are donating $1.05 million to fund 31,550 opportunities for low-income entrepreneurs around the world to change their own lives.
Papyrus-Recycled Paper Greetings is the founding member of Whole Planet Foundation’s annual $100,000 Fund. To date, Papyrus-Recycled Paper Greetings has donated $600,000 to alleviate global poverty through microcredit. Microloans are small loans – the current average first loan size supported by Whole Planet Foundation is $178 – with no formal collateral or contract, provided to the world’s poorest people – mostly women - to create or expand a business for the opportunity to pull themselves and their families out of poverty.
With partners Accion and IFC, competition aims to help inclusive fintech companies attract capital and resources to benefit three billion financially underserved people globally.
WASHINGTON, February 11, 2019 /3BL Media/ - MetLife Foundation and Visa Inc., with global nonprofit Accion and IFC, a member of the World Bank Group, announced a new initiative to recognize the top 50 early-stage fintechs contributing to financial inclusion around the globe. The “Inclusive Fintech 50” will culminate in a list of the most impactful, emerging fintechs that demonstrate the power of financial technology to expand access, usage and quality of financial services in advanced and emerging markets.
Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
BOSTON & NEW YORK, February 5, 2019 /3BL Media/ - Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of people in the United States cannot cover an unexpected $400 emergency expense, according to the Federal Reserve.
NeighborhoodLIFT® program will offer homebuyer education plus $20,000 down payment assistance grants; special parameters for veterans, military, teachers and first responders
WASHINGTON, February 1, 2019 /3BL Media/ – Wells Fargo & Company (NYSE:WFC), NeighborWorks® America, MANNA, Inc. and Community Housing Partners today announced the NeighborhoodLIFT® program will launch for Washington, D.C., and Prince George’s County, Maryland, with a $7.1 million commitment by Wells Fargo to boost local homeownership.
To kick off 2019, the Whole Planet Foundation team would like to thank our network of microfinance organizations, the implementing partners who administer the microloans Whole Planet Foundation funds. These partners employ staff members who serve microcredit clients, sometimes traveling miles by foot or motorbike to reach some of the least-served entrepreneurs around the globe. Every quarter, we honor these staff members, or Field Officers, by asking our partner institutions to nominate exemplary candidates for the Whole Planet Foundation Field Officer Award.
WPF partner KOMIDA innovates to make it affordable
According to The World Bank, approximately 20% of the world’s population does not have a toilet in their home. Cost can be one challenge for a household. According to CGAP, “In Indonesia, for example, connection to piped water systems averages