Ethereum - focused startup Everex has raised $ 26 million in an initial coin offering (ICO) to
develop microfinance and remittance services.
Not exact matches
She first went to work for IBM Corp.'s (NYSE: IBM) global
microfinance initiative, where she helped create solutions to enable loans to be made to small businesses in
developing countries.
By recognizing these realities, Kiva and other
microfinance organizations aspire to change the dynamics by utilizing the Internet to connect lenders to borrowers in the
developing world.
Defined as lending small amounts of money to businesses in the
developing world,
microfinance is a critical asset to ease global poverty.
Plant With Purpose began work in the Dominican Republic 27 years ago after recognizing the connection between deforestation and rural poverty, and has responded by
developing a holistic program of watershed restoration, sustainable agriculture,
microfinance, and Christian discipleship.
One example: «We're one of the largest groups that donate to Kiva, a
microfinance website that makes loans to entrepreneurs in
developing countries.
The term «micro insurance» first appeared as a new financial service within
microfinance and then
developed into a sector of its own.
Microfinance in
developing countries is a socially significant business, and we believe that the potential for Blockchain to contribute to social infrastructure development through grassroots in
developing countries, as indicated by the experiment, will drive significant progress for our company.