The G2012 Mexico, the seventh summit of leaders from 20 large economies (G-20), and Ashoka Changemakers, an initiative of the US-based nonprofit Ashoka, have partnered to launch the “G2012 Mexico Financial Inclusion: Innovative Solutions for Unlocking Access” competition. The challenge seeks innovative solutions to address the barriers preventing underserved and excluded communities from accessing financial services. Entries may address accessibility, affordability or the lack of incentive for financial service providers to serve low-income or marginalized communities. The winning solution will be awarded USD 100,000.
All private-sector individuals and organizations are invited to enter the competition, which will close on September 12, 2012. Details about the guidelines and assessment criteria can be found at http://www.changemakers.com/financialinclusion.
By Mihaela Grindeanu, Research Associate
About The Group of Twenty (G20): Established in 1999, the Group of Twenty (G20) brings together finance ministers and central bank governors of “systematically important” industrialized and developing economies to discuss key issues in the global economy. The G20 is made up of representatives from the European Union and 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the UK and the US.
About Ashoka Changemakers: Launched in 1994, Ashoka Changemakers is an initiative of the US-based nonprofit Ashoka, which was founded in 1980. Changemakers aims to facilitate online collaborations and communication to help advance and scale global social innovations. Ashoka aims to build an infrastructure that supports the growth and expansion of the field of social entrepreneurship, including seed financing and capital, access to the business and academic sectors and strategic partnerships with social and financial value. As of 2011, Ashoka reported total assets of USD 85 million.
Sources and Additional Resources:
Changemakers.com story: “Welcome Letter”, http://www.changemakers.com/financialinclusion
MicroCapital.org story, August 1, 2010: “MICROCAPITAL BRIEF: Group of 20 (G-20) and Ashoka’s Changemakers Announce Small and Medium Enterprise (SME) Finance Challenge 2010”, https://www.microcapital.org/microcapital-brief-group-of-20-g-20-and-ashokas-changemakers-announce-small-and-medium-enterprise-sme-finance-challenge-2010/
MicroCapital Universe profile: The Group of 20 Finance Ministers and Central Bank Governors (G-20), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=G20
MicroCapital Universe profile: Ashoka, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Ashoka#Description_140_word_limit_
MicroCapital Universe profile: Ashoka Changemakers, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Ashoka+Changemakers
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: G20, SME Finance Forum Showcase Digital Finance Solutions for MSMEs Via Online Database, Seek Submissions
- MICROCAPITAL BRIEF: 3k Displaced Persons, Returnees, Hosts Access Loans, Guarantees, Business Training in Iraq
- SPECIAL REPORT: Financial Inclusion of Forcibly Displaced Persons (FDPs), Host Communities Results in Competitive PAR Ratios #EMW2023
- MICROCAPITAL BRIEF: Beneficial Returns Invests in Grupo Murlota to Expand Training, Incubation Capacity for Women Raising Chickens, Selling Organic Eggs in Rural Mexico
- MICROFINANCE EVENT: Concordia Annual Summit; September 18-20, 2023; New York City, USA
