- RSF Social Finance and Beneficial Returns are backing the company with an $800,000 loan to support the development of Guayaki’s first factory in Brazil.
- São Paulo-based Nubank launched in 2014 to provide underserved Brazilians with access to no-fee, low-interest digital credit cards that could be managed on their smartphones.
- BizCapital relies on the prevalence of smartphones and mobile data to underwrite and service its customers at a lower cost than traditional lending institutions.
- Impact investors invested a total of $1.4 billion in Latin America in 2016 and 2017, a slight uptick from the previous two-year period, driven by a doubling of capital deployed by homegrown investors.
- “This alternative finance mechanism will help cities, businesses and potentially private homes to meet their basic needs, knocking off several Global Goals targets at once,” UNDP’s Dumitru Vasilescu said.
Suminter works with 50,000 farmers across Africa and Asia to source its products, which are then sold in 20 countries.
- ARUN sees the potential to boost job stability and income of domestic workers, particularly women, who otherwise depend on informal “maid bureaus” to get hired.