Small and medium-sized businesses are responsible for 30% of India’s GDP but struggle for traditional financing. Mumbai-based NeoGrowth underwrites loans and lines of credit based on businesses’ records of digital payments — a fast-growing way of doing business in the aftermath of the Indian government’s move to reduce the amount of paper currency in circulation. NeoGrowth has
Enterprise Community Loan Fund, Mercy Loan Fund and NeighborWorks Capital have partnered to create a “rapid recovery” loan fund to restore affordable housing and community facilities in areas hit by Hurricanes Maria, Irma and Harvey as well as the recent California fires. Loans of up to $1 million, which can be approved and disbursed in
No, the project doesn’t represent a shift for the agriculture-focused impact investor. The 1.5-megawatt Suma Hydro project in southwest Tanzania will power a local tea factory and bring electricity to 700 nearby households and businesses. AgDevCo, a UK-based social impact agribusiness investor, is committing $2.5 million to the power plant, which is already under construction.
The singularity may be sustainable after all. A report released at the Davos meeting of the World Economic Forum outlines ways to make AI not only human-friendly, but “earth-friendly.” This could be important, what with Google CEO Sundar Pichai saying at Davos, “AI is probably the most important thing humanity has ever worked on. I think
Public officials and development bankers need to stop treating private investment as one-size-fits-all. If they want to effectively use limited public monies to crowd in private capital from banks, insurance companies, pension funds and private equity firms to meet the Sustainable Development Goals, they’ll need to understand the differences between private investors. A working paper
Impact Voices is an occasional series sharing the opinions of impact investing practitioners and leaders with ImpactAlpha readers. The views expressed in Impact Voices are the writers’ own, not ImpactAlpha’s. By Tanmay Chetan and Mike Warmington Several years ago, Peter Makasi looked out his window as a neighbor walked by carrying bags of hybrid seeds
The world’s richest countries have pledged to mobilize $100 billion per year by 2020 to help less wealthy, less developed countries fight and prepare for climate change. And, while they’re still far short of that amount, they agreed that half the money should go to adapt to climate change and half should go to fight it.