A New Model for Impact Investing: Application of Impact Units to Assess Feasibility of Social Investment Opportunities and Interventions in Kenya

ideas4action@wharton.upenn.edu Africa, IdeaHub, Infrastructure & Economic Development 0 Comments

An important driver of achieving Sustainable Development Goals, impact investing encourages social interventions that increase access to basic services such as finance, healthcare, education, clean water, and energy. Despite the growth in African economic activity, the need for high impact social interventions remains high.1 The generally low level of development in Third World countries continues to provide opportunities for impact investing through the creation of products and services that contribute to improved social, financial, and …

A Novel Practice for Mobile Money Payments: Using Fingerprints to Enable Real-Time Transactions in Nelamangala, India

ideas4action@wharton.upenn.edu IdeaHub, Infrastructure & Economic Development, South-East Asia 0 Comments

In order to improve business environments in developing economies via innovative private/public partnerships, Paysa will establish cashless payment systems using fingerprint authentication in rural India. We will connect people’s fingerprints to their bank accounts and enable transfers from the customer’s bank account to the merchant’s bank account. We believe there is a large potential for growth because roughly only 50 percent of the global adult population holds bank accounts and the majority of this financially unserved …

Reinventing Global Payment Processing for Migrant Remittances, Microenterprise Funding Infusions and Nationwide Direct Benefit Transfers (DBTs)

ideas4action@wharton.upenn.edu Europe, IdeaHub, Infrastructure & Economic Development 0 Comments

Using Blockchain technology1, the backbone of cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum, we propose a decentralized payment processing system that is currency-agnostic and is capable of scalable, robust and publicly verifiable transfers. We propose the implementation of this system for international remittances by migrants3, DBTs and nationwide subsidy schemes, and in the microfinance-associated-funding at grassroots levels. The efficiency offered by the system, along with its fully traceable nature presents a unique opportunity to tackle systemic …

Improving the Quality of Life for Artisans from Rural Communities through Empowerment of Women

ideas4action@wharton.upenn.edu IdeaHub, Latin America, Women, Children & Education 0 Comments

During the period from 2012 to 2014, the number of poor increased in Mexico in the from 53.3 to 55.3 million, which represents an increase from 45.5 to 46.2 percent of the country’s population, according to the National Council for the Evaluation of Social Development Policy (CONEVAL 2014). CONVEAL indicates many reasons that the number of people falling into poverty has risen: Lower revenues. Low economic growth. Population dynamics and inequality. Insufficient income to provide for …

Agency Organization System: A Financing Model for Revolutionizing the e-Waste Recycling Business in Guiyu, China

ideas4action@wharton.upenn.edu Environmental Sustainability, IdeaHub, Infrastructure & Economic Development, South-East Asia 0 Comments

The vision of this proposal is to actively address the E­-waste recycling problem present in developing countries, using Guiyu as a protocol case. Our solution puts forward a financing model primarily focusing on linking discrete supplies and demands through an Agency Organization (“AO”), reducing inefficient costs incurred in the course of unorganized trades. Outlining the difficulties faced by Guiyu, our proposal identifies problems associated with the locality including oversupply of untreated E­-waste and excess of …

Innovative Floating Rate Green Bond for the Reduction of Air Pollution in China—An Application to the Shanxi Province’s Case

ideas4action@wharton.upenn.edu Environmental Sustainability, IdeaHub, Infrastructure & Economic Development, South-East Asia 0 Comments

Green Bonds combine fixed income financial instruments with the need to raise capital for low-carbon or green projects—assets or business activities and an environmental benefit.1 With rising capital needs for funding green projects, a growing investor focus on green financial instruments, and mature corporations’ awareness regarding social responsibilities, the volume of total green bonds has increased constantly in the past few years. Although there are many successes in promoting green initiatives, China, still lags far behind …

HerLife: A Term Life Insurance Product for Working Mothers in China

ideas4action@wharton.upenn.edu Children, IdeaHub, Infrastructure & Economic Development, South-East Asia, Women, Women, Children & Education 0 Comments

The life insurance market for women is large, growing, and underdeveloped. This is particularly true for Chinese working mothers (CWMs) who have a need to protect their children from unanticipated financial risks and enhance their ability to pay for long-term insurance products. The life insurance market growth for CWMs is accelerated relative to other markets: the estimated opportunity is $10.2 billion and will grow to over $60 billion by 2030.3,4 Yet Chinese life insurance companies …

Increasing Transparency in Indian Slum Labor Markets: Providing Access to Employment Information

ideas4action@wharton.upenn.edu IdeaHub, Infrastructure & Economic Development, South-East Asia 0 Comments

NaukriSearch is a dual platform employment service. Its goal is to reduce unemployment through increased transparency in the slum labor market of Mumbai by improving access to employment information and opportunities. NaukriSearch is unique from other attempts at unemployment reduction because it emphasizes use of technology that is readily available to each segment of the labor market: Internet-enabled computers for employers, and cellular SMS messages for employees. This system enables slum residents to receive accurate, …

OINCS: Using a Collaborative and Community Driven Approach to Citizen Mobility and Security

ideas4action@wharton.upenn.edu IdeaHub, Latin America, Science & Technology 0 Comments

OINCS is a mobile platform that aims to look after its users by keeping them alert to everything that is going on in the streets. It works thanks to the cooperation of the community itself, which shares and updates information in real time to the benefit of all. To address rising security concerns in Latin America, community users themselves can use OINCS to inform and alert others of any adverse event or information that could …

Peer-to-Peer Hyperlocal Approach to Last-Mile Delivery in Nigeria

ideas4action@wharton.upenn.edu Africa, IdeaHub, Infrastructure & Economic Development 0 Comments

Logistics and supply chains are the wheels of trade, commerce and economic activity around the world. However, in developing economies and emerging markets there are numerous challenges that make access difficult. Most prominent are the lack of standardized addressing systems, and inefficient or inadequate countrywide postal infrastructure that raises the cost of logistics, especially in delivery at the last mile. Our proposal recommends a low-cost peer-to-peer delivery system where senders are connected to local transporters who …