Financial Services (105)
Finance fights poverty
Microcredit is the extension of very small loans (microloans) exclusively for women in poverty, with the goal of helping them cultivate business skills and entrepreneurship. Microcredit is a part of microfinace, which provides a wide range of financial services to the very poor.
Why it matters
Microcredit combines economically viable future growth for finance companies with a social benefit in the fight against poverty. Is this another example of how social causes can become an integral part of business practice?
Hablafácil (talk easy) is Santander’s latest offering and marks their expansion into the telecommunications market . The service is aimed at immigrants who currently bank with Santander and will give them significant discounts on both local and international calls.
Caja Madrid launches the CMCool range that offers to teens as young as 14 saving products, credit cards or funding made specifically to cover their financial needs.