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Kifaru Youth Group

August 03, 2012

Members of the Kifaru Youth Group, a microfinance loan group based in the Nairobi suburb of Kawangware, meets in June to update their finances. The group is supported with microloans from Equity Bank’s Kawangware branch, which opened in 2007 and has since seen its customer base grow from 5000 members to 80,000. “Kawangware is a slum that is becoming a
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In India, living off the grid has its benefits

August 02, 2012

As large swaths of India were in the dark this week after a massive power outage hit half the population, some of the country’s more remote communities had light. Those communities, once restricted by their locations far from central electric utility grids, have in more recent years benefited from innovation that has enabled them to generate their own power. Shortly before this week’s devastating power outage, The
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Monthly news wrap-up: July 2012

August 01, 2012

This month, Ernst & Young released a new report, Rapid-Growth Markets Forecast Summer edition 2012, which explores how soaring domestic demand in many developing markets “is poised to change the rules of the world economy.” By 2020, the report says, the number of middle-class households in emerging countries will more than double, overtaking the U.S. and Eurozone with nearly 150
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