Industry News Update
It’s been a while since the last update….and there’s been a bunch of news!
By Michelle Greene, NYSE Exchanges
Today, NYSE Euronext launched an exciting new program that we believe will have a large impact – The NYSE Big StartUp, a nationwide jobs-growth initiative designed to connect young companies and entrepreneurs with corporate America.
PRESS RELEASE, Wall Street Journal
NEW YORK, Mar 21, 2012 (BUSINESS WIRE) — The NYSE Big StartUp(SM), a nationwide jobs-growth initiative designed to connect young companies and entrepreneurs with corporate America, was launched today by NYSE Euronext (NYX) in collaboration with Accion, Entrepreneurs’ Organization (EO) and The Startup America Partnership.
By Associated Press, Yahoo Finance
NEW YORK (AP) — The New York Stock Exchange and three groups that work to help startups are launching a program designed to help smaller companies create jobs.
By Charlotte Newman, MicroCapital.org
Freedom from Hunger, a US-based non-governmental organization that aims to alleviate poverty, and Oikocredit, a Dutch cooperative investment fund, plan to partner with six microfinance institutions (MFIs) in the Andes mountains of Ecuador and Peru to implement Freedom from Hunger’s microfinance and health protection model.
By Elmira Bayrasli, Forbes
Lending Sufia Khatun a small sum to make and sell bamboo stools in her Bangladeshi village back in 1974 placed Muhammad Yunus at the heart of a radical movement. It is a movement that has come to be known as “microlending” and one that has radically transformed poverty alleviation efforts throughout the developing world.
By Megan Kamerick, New Mexico Business Weekly
A new national initiative to connect startups and entrepreneurs with corporate America will mean more lending capital in New Mexico.
By Ken Bernhard, Jr., Portfolio.com
The angel investor and partner at Greylock Ventures has put up $1 million for 40,000 individual $25 loans to would-be entrepreneurs through Kiva, Inc.com reported today. He isn’t doling out the loans himself. Instead, users of the site where individuals can make microloans to developing-world entrepreneurs can sign up for and use Hoffman’s and other “friends of Kiva” money.
By Julie Shea, Center for Financial Inclusion Blog
Large scale commercialization of microfinance institutions (MFIs) has led to an increased focus on profitability and with that a growing fear of “mission drift.” In an industry facing increased demands for both social and financial performance…
By Accion.org Media Center
Accion®, a pioneer and leader in global microfinance, today announced the launch of its new global identity. (Also shared by PR Newswire)
By Vikram Asula (excerpt from A Fistful of Rice)
It was the summer of 1995 when a woman in rural India asked the simple, five-word question that changed my life. I was an idealistic graduate student, working in India on a Fulbright scholarship and determined to change the world.
By bboyer, University of Mary Washington
The 2012 Month of Microfinance, based at the University of Mary Washington, will make its national debut this April at dozens of college campuses across the country.
By Arvind Ashta, et al, Microfinance Focus
Microfinance, associated for over 35 years with Mohammad Yunus, the Grameen Bank, Opportunity International, Finca, Accion and many others, has brought to the poor and unbanked, the availability of micro loans and micro-insurance in exchange for micro-savings.
By Anneliese Guess, Bertelsmann Stiftung Future Challenges
In recent years microfinance organizations have become a popular way for US Americans to support entrepreneurship and small businesses in the developing world.
By Market Watch, Wall Street Journal
Kiva, the world’s first and largest microlending platform, and Reid Hoffman, one of Silicon Valley’s most successful entrepreneurs, are joining forces to alleviate poverty and open the doors of entrepreneurship worldwide…
Crowd-funding bill by Sen. Michael Bennet of Colorado passes U.S. Senate
By Allison Sherry, Denver Post
A measure that will make it easier for regular people to invest in a startup business passed the U.S. Senate on Thursday.