Municipal bonds are a $3.7 trillion market, and lately, they’re attracting record investment dollars. But what’s the impact? HIP Investor offers impact scoring for muni-bonds and other fixed-income investments, while Activest is trying to build a funding stream for promoting policy reforms. They’re needed: In many cities, muni bonds are underpinned by jail bonds and fines that
Nearly four in every 10 dollars from impact funds targeting emerging markets in 2015 went to microfinance, but access to small amounts of credit hasn’t been the panacea for poverty that was promised. Fuller access to a variety of financial services enabled through mobile phones, is the future, says Kusi Hornberger, a vice president at
“Average income” can be misleading when the midpoint looks like a liveable wage, but the stretch between the lowest and highest salaries is growing. An interactive graphic shows how income spreads have grown. In 1960, income levels in particular sectors tended to cluster; today, levels are spread across a wider pay spectrum, particularly for higher skill jobs.
Laureate Education has grown to become the world’s largest for-profit college by targeting middle class students in emerging markets, particularly in Latin America. Its debut on Nasdaq last week marked a first for a public benefit corporation, a new legal status in many states that commits a firm to a social mission. The Baltimore company is backed
Well Being Digital health companies Certintell and LivWell Health will each receive $75,000 after being selected by their peers in VilCap’s three-month accelerator program. Certintell, based in Des Moines, Iowa, connects low-income Americans with care teams through text, pictures, and video. San Francisco-based LivWell Health provides platforms for post-acute and senior living providers. This spring,
The Norwegian state-owned fund, Norfund and the two Dutch lenders, FMO and Rabobank, have created Arise, a new venture based in South Africa, which starts with $660 million in assets in over 10 countries and expects to grow to $1 billion in five years. New European banking regulations have made it more expensive to hold foreign
Climate Finance The fate of climate and other public research may be in the hands of private investors and philanthropists as the EPA and other agencies face cutbacks under the Trump administration, reports FastCompany. Who’s stepping up? In January, Al Gore stepped in to revive a CDC climate and health conference in Atlanta. Bill Gates, Vinod