Three new grants will help develop “social impact bonds” in Utah and South Carolina. The Nonprofit Finance Fund has awarded $650,000 to design and structure the deals, in which private investors get repaid if the projects meet specific targets — and save taxpayers money. NFF has distributed $3.4 million in grants to develop pay-for-success projects on behalf
The Knight Foundation moved quickly to capitalize on concerns over fake news after the U.S. election. Knight launched the $1.5 million initiative a week before Christmas. With nine days left in the call to action, 20 nonprofit news organizations, including the Center for Public Integrity, ProPublica and Inside Climate News, have reached the $25,000 match limit.
Technology is helping give more people access to payment, saving, loan and investment services. But Greta Bull, head of the Consultative Group to Assist the Poor, says the real game changer is distribution. The key to M-Pesa’s mobile payments system, for example, is its network of agents who allow customers to convert cash to digital
The convergence of low-cost solar technology, nearly ubiquitous mobile phones, and increasingly robust systems for mobile payments has unleashed a wave of entrepreneurship and investment across Africa and Asia. Off-grid solar electric systems are leapfrogging decrepit utility grids in much the same way as mobile phones leapfrogged landlines. And solar power is just the start