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How Nigeria's $428 million ICT backbone project is enabling rural financial inclusion

Johnstone Kpilaakaa

July 20, 2023 |

Benjamindada.com |

Text |

1500-3000 Words

Response Location: Nigeria

The Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project is increasing rural financial inclusion and addressing the digital divide by funding projects that make it easier for telecommunications companies to expand their connectivity to rural communities, allowing locals to access digital banking services.

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Local Social Impact Investors Are Pulling Chicago Out Of Junk Bond Status

Oscar Perry Abello

May 02, 2023 |

Next City |

Text |

1500-3000 Words

Response Location: United States, Chicago, Illinois

The city of Chicago is offering municipal bond investors — specifically those interested in ESG investing — opportunities to fund social projects like planting 15,000 trees in historically disinvested neighborhoods over the next three years, converting motels and single-room buildings into housing for people transitioning out of homelessness and replacing the city’s gas-powered vehicles with electric.

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Businesses face more and more pressure from investors to act on climate change

Michael Copley

April 09, 2023 |

NPR |

Radio |

3-5 Minutes

Response Location: United States

Every year, investors who are shareholders in publicly-traded companies have the chance to vote on proposals that shape the way the companies address issues like climate change. Whether or not they pass, climate-related proposals send a clear message about the problems activist investors want to see addressed which can spur action.

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Banks For The People

Piper French

March 02, 2023 |

Noēma |

Text |

Over 3000 Words

Response Location: United States

Public banks are owned and run by governments, and because they store money for the state instead of individuals, they can invest back into the communities they serve instead of extracting from them in the chase for profits.

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A Mobile Bank On Wheels Reaches Bronx Residents Where They Are

Emily Nonko

January 24, 2023 |

Next City |

Text |

800-1500 Words

Response Location: United States, New York, New York

A coalition of community organizations in the Bronx created a mobile bank with the New York City credit union to combat the lack of access to financial institutions. The bank on wheels travels around the borough to provide services and do outreach.

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Silicon Valley Discovers an Age-Old Child Care Hack: The Neighbors

Alisha Haridasani Gupta

August 31, 2022 |

The New York Times |

Text |

1500-3000 Words

Response Location: United States, San Francisco, California

Otter connects those in need of childcare with nearby stay-at-home parents who can provide it. The business has gathered millions in investments to continue its growth and, since its start in 2020, has relaunched in San Francisco serving about 250 parents with about 12,000 on standby waiting for Otter to become available in their area.

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The organized labor movement has a new ally: venture capitalists

Sam Dean

August 12, 2022 |

Los Angeles Times |

Text |

800-1500 Words

Response Location: United States, Los Angeles, California

Unit of Work, an organization backed by venture capital, helps unions organize and win contracts. Organizers provide free consulting to groups of workers forming unions within their own workplaces. Once a contract is in place, members of the new union can decide to pay Unit of Work a monthly fee — like traditional union dues — to keep providing support.

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Banking on wheels: PNC to bring mobile services to underserved D-FW communities

Colbie Edmonds

July 21, 2022 |

Dallas Morning News |

Text |

800-1500 Words

Response Location: United States, Dallas, Texas

PNC Bank is bringing a mobile branch to communities that don’t have sufficient access to banking. The RV-like unit is outfitted to be a functional banking service and was custom-built for this initiative. Services can be provided in English and Spanish and the goal of the mobile unit is to empower and educate users about what banking resources are available to them.

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How agency banking aids financial inclusion, reduces unemployment in Nigeria

Nurudeen Akewushola

September 08, 2021 |

Social Voices |

Text |

1500-3000 Words

Response Location: Nigeria

An alternative to traditional banking and ATMs is gaining popularity in Nigeria. Point of Sales centers bring banking services to people in both urban and rural settings, promoting financial inclusion and accessibility. The new way of banking has helped small businesses and rural Nigerians in addition to creating many jobs for POS agents as demand has skyrocketed.

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Will This Impact Fund Save America's Music Venues?

Rebecca Greenwald

April 30, 2021 |

Next City |

Text |

800-1500 Words

Response Location: United States, Louisville, Kentucky

The Live Venue Recovery Fund offers a path for independent music operators to purchase their venue. The fund buys the properties, and collects rent, but are limited to a 12% return rate and the contract lays out a path and timeline of operator ownership. Any additional funds are donated to the National Independent Venue Association. Eligible venues must be seen as culturally significant to the community and vulnerable to redevelopment, as well as show strong financial statements from before COVID-19. The fund forgave a year of rent to some venues hurt by the pandemic, allowing them to get back on their feet.

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