Credit Unions | Impact Entrepreneur

Fintech for Good: Equitable Access to Affordable Credit

Fintech for Good: Equitable Access to Affordable Credit

by Carol Caruso | Financial Inclusion, Impact Economy, Impact Investing, North America, Scaling Solutions, SDG 1 - No Poverty, SDG 10 - Reduced Inequalities, SDG 8 - Decent Work and Economic Growth, Tech for Social Good

Thirty percent of Americans lack access to affordable banking services that can support them during difficult times. Unfortunately, the pandemic exacerbated this reality and the latest economic challenges only worsen the matter. Those who lost jobs during the pandemic...

Bridging the Gap in Accessibility of Finance in India

Bridging the Gap in Accessibility of Finance in India

by Ratika Kapoor | Asia, Editor's Picks, Scaling Solutions, SDG 1 - No Poverty, SDG 10 - Reduced Inequalities, Stakeholder Capitalism, Tech for Social Good

The credit gap for micro, small and medium enterprises (MSMEs) in India is estimated by World Bank to be USD 380 billion. Approximately, only 16 per cent of MSMEs in India receive formal credit while the others are under-financed or financed through informal sources....