Microfinance helps Indian women borrow – with dignity

From Annie Banerji / Christian Science Monitor: Microfinance institutions in India are providing low-cost loans to women in remote areas who typically only have access to loan sharks. The women are using the money to break poverty cycles and start their own businesses.

Click here to read the original story.

Read insights from wellbeing economy solutions working with women.

Issue Areas:

Community Wealth Building, Financial Institutions, Poverty Reduction Measures, Wellbeing Economics

Impact Areas:

Creating New Economic Paradigms, Distributed Trust and Power

Actors:

Lending, Banking, and Financial Institutions

Communities Served:

Womxn

Strategies:

Easing Economic Burdens for Individuals, Increase Education / Insights Sharing

Success Factors:

Eliminating Barriers, Empowering People, Expanding Access, Help Rather Than Punishment, Providing Cash Instead Of Goods/Services, Using Creative Financing

Geographic Region:

Asia

Countries:

India

Date:

December 12, 2022

More Resources:

How does a 4-day work week work in Singapore?

From Bruce Lim and Ronald Goh / Yahoo News: Businesses in Singapore are experimenting with 4-day work weeks, showing benefits for employees and employers. Read the original story here. Read other articles about employee-focused wellbeing initiatives.

...

Conversation with Pedro Tarak

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...

The Radical Idea of Making Sure Everybody Has Enough Money to Live On

From Laura Paddison / Huffington Post: The results of a universal basic income (UBI) program in Kenya show the positive ripple effect of giving everyone money on a consistent basis over the course of several years. Recipients have been able...

With no upfront costs, this innovative financing tool makes energy efficiency affordable to all

From Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes...

Conversation with Luke Shankland

Luke Shankland is a South African/Canadian professional with over 20 years of experience in health tech, focusing on scaling impactful health solutions across Africa. As co-founder and COO of Aviro Health, he has led initiatives that have provided digital health...

Aging states to college graduates: We’ll pay you to stay

From Jon Marcus / The Hechinger Report: As their workforces age, states across the United States are offering student loan repayment to incentivize college graduates to stick around. Now Maine and Vermont are the first to offer it to those...