By John Levy, Director of Impact Investing for Franklin Real Asset Advisors
Originally published on September 22, 2020 in Pensions & Investments
The economic implications of COVID-19 are yet to be fully realized, but the expectations of the detrimental impact are sobering. The pandemic has not only shaken up reality but has woken the world up to addressing underlying societal and economic issues that may have previously been dismissed.
In the context of the news this week, we find ourselves in another pivotal moment. Not only is it Climate Week, but the U.S. faced yet another racial injustice in Breonna Taylor’s court ruling. Today’s newsletter addresses these issues and how they, and so many other issues of today, intersect.
Supporting the growth of small businesses everywhere is one of the many way FedEx invests its charitable resources. The COVID-19 pandemic has negatively impacted thousands of entrepreneurs, especially when it comes to getting access to capital funding. That’s why FedEx is collaborating with nonprofits like Acción, one of the world’s leading global microfinance organizations. In Brazil, FedEx is helping support financial technology start-ups, often called fintech, through the Acción Venture Lab.
How Financial Services Providers used interactive mobile messaging to help thousands of MSMEs grow
Micro and small merchant training is a critical undertaking in developing nations where these businesses are the biggest drivers of economic growth and job creation.
However, massive gaps in business management skills and financial literacy are limiting their potential. In an ideal world without resource constraints, all merchants would have access to in-person training programs, with dedicated instructors helping them learn and implement best practices.
Techstars Atlanta is back and with a brand-new class of 10 startups. As the sole sponsor for the fifth consecutive year, Cox offers up-and-coming companies vital funding and advisement to expand Atlanta’s economy and culture of innovation.
by Claire Kelly, Whole Planet Foundation Regional Director for Asia and the Pacific
One of India’s first responses to the COVID crisis was a strict lockdown from late March through May. During this period, government guidelines restricted movements, especially across jurisdictions. This in turn directly limited the ability of the staff of Whole Planet Foundation’s microfinance partner, CASHPOR, to move across their operational area (rural areas of Eastern Uttar Pradesh, Madhya Pradesh/Bundelkhand, Chhattisgarh, Jharkhand and Bihar). However, since 2013, CASHPOR, has been recruiting and training up a subset of their mem