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Flipping the Script on Investor Feedback: A New Survey Gives Entrepreneurs a Platform to Assess — And Influence — Their Impact Investors’ Practices
There have been a number of critiques of impact investing in recent months, targeting several common investor practices. Yet as Yaquta Fatehi at the William Davidson Institute (WDI) points out, these appraisals rarely come from entrepreneurs, who often receive feedback from investors, but typically lack the ability to respond in kind. She shares a new research initiative by Acumen and WDI called "Founders in Focus: The State of Impact Capital" that aims to change this dynamic: Instead of focusing on what entrepreneurs need to do differently to attract investment, it invites founders to capture their experiences with investors — both the good and the bad — in a structured manner that can spark actual change in the investing ecosystem. The survey is open to founders and C-suite executives across Africa, Asia and Latin America who have raised capital in 2024-2025: Respond by June 26 to add your views.
- Categories
- Investing, Social Enterprise
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Grant Dependency is Undermining Global Development: Here’s a Fundamentally New Architecture for Funding NGOs
Across the Global South, NGOs often function as the default conduits for addressing key development challenges in remote and marginalized populations. But as long-time development sector advisor Rajat Ray argues, these systemic problems cannot be solved by organizations that are perpetually teetering on the edge of financial suffocation, propped up by short-term, project-based grants. He explains how the survival tactics NGOs adopt to navigate this funding dilemma end up warping their operations and perpetuating some of the sector's biggest shortcomings. In response, he proposes an entirely new funding model — the “Diminishing Grant Framework” — that treats self-reliance not as an aspiration, but as a mandatory financial milestone.
- Categories
- Investing
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‘Deep Pockets’ vs. ‘Long Pockets’ in DPI: What Instant Payments and Open Finance Tell Us About Sustainable Funding for Digital Public Infrastructure
Digital public infrastructure (DPI) is gaining traction in emerging markets around the world. But as David Porteous at Integral: Governance Solutions and Rafe Mazer at Fair Finance Consulting explain, while the financial cost of building DPI may be modest, operating it at scale requires ongoing costs to be allocated across the ecosystem over time, making DPI sustainability fundamentally a governance issue centered on pricing policies. They explore how two of the three broadly accepted categories of DPI, instant payment systems and open finance, can develop credible mechanisms to finance long-term costs — while maintaining incentives for participants and trust among users.
- Categories
- Finance, Technology
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The Keys to Successful Blue Bonds: How Peru’s Strong Local Lending Systems Are Expanding Water and Sanitation Access
For millions of Peruvian families, one barrier stands between them and safe water and sanitation at home: access to affordable financing. Yet as Rocio Cavazos at Water.org explains, the financial institutions serving these communities face their own barrier: limited access to lower-cost capital. She discusses Water.org's efforts to support Peru’s two successful blue bond issuances, exploring how these bonds can allow lenders to offer more affordable loans for water and sanitation solutions — and sharing lessons from Peru's experience that can be applied by blue bonds in other markets.
- Categories
- Environment, Finance, Investing, WASH
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Selling the Outcome, Not Just the Appliance: What the Clean Cooling Sector Can Learn from Clean Cooking
The demand for cooling solutions will more than triple by 2050 — and based on current technologies and strategies, this increase will almost double cooling-related greenhouse gas emissions, worsening the very crisis that's driving this growth. Colm Fay, Ekta Jhaveri and Rajat Chabba at the William Davidson Institute (WDI) explore how sustainable cooling solutions could meet this rising demand, while cutting emissions by nearly two-thirds. To achieve that ambitious goal, they argue that the clean cooling sector should leverage the experience of the off-grid solar and clean cooking industries. They share insights from a new WDI report that highlights what clean cooling can learn from both the successes — and the flawed assumptions — of these sectors.
- Categories
- Energy
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Moving Forward in a Post-USAID World: Why Women Must Be at the Center of Financial Inclusion
The demise of USAID has profound implications for the movement toward gender equality in financial inclusion and other development priorities. According to Julia Arnold and Sara Seavey, consultants specializing in women’s financial inclusion, the agency played a central role in funding, researching and coordinating global gender equality work — and without that anchor, these efforts are at risk of fragmentation and regression. They argue that this moment places responsibility on the sector itself to preserve the values, evidence and accountability structures that made progress toward gender-inclusive finance possible.
- Categories
- Finance
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How to Support Rural Social Enterprises: Three Key Learnings from a Field Visit in Malaysia
While global media coverage of the social enterprise sector often focuses on countries like India and Kenya, Malaysia remains relatively underrepresented in these conversations. Yet as Sreevas Sahasranamam at the University of Glasgow explains, the country has developed rich models of social innovation deeply rooted in indigenous knowledge systems, ecological stewardship and local resilience. He shares three key learnings from five community-led ventures, each of which demonstrates how practitioners and policymakers can best support rural social enterprises — not only in Malaysia, but globally.
- Categories
- Social Enterprise
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High Expectations Require New Approaches: What Africa’s Social Innovators Need to Scale — And Why Support Systems Must Evolve
Social entrepreneurs are tackling some of Africa's biggest development challenges. Yet many struggle to scale beyond their initial promise, despite heightened expectations to deliver both jobs and social impact. And as Amabelle Nwakanma, Akolade Oladipupo, Abdullahi Ibrahim and Chukwuemeka Okeke at LEAP Africa explain, though accelerators, incubators and fellowships have proliferated across the continent to support these innovators, it's unclear if these programs are actually aligned with their current needs. They share insights from a study LEAP Africa conducted, with support from the William Davidson Institute, to better understand where current enterprise support models succeed, and where they fall short.
- Categories
- Investing, Social Enterprise










