KARACHI: Easypaisa a service by Telenor which allows users to exchange money in the absence of banks won an international award.
The awards were conducted by the Wall Street Journal inviting inviting all profit and not-for-profit organizations around the globe which helped the poor become financially independent.
Telenor Easypaisa service won the People’s Choice Award. Other finalists of the contest were:
One of the world’s first crowdfunding platforms for microfinance. It is a nonprofit organization with a mission to alleviate poverty and expand economic opportunity. Since the U.S.-based group started in 2005, Kiva and its global community of lenders has crowdfunded more than $705 million in microloans to more than 1.6 million entrepreneurs in 86 countries, all the while maintaining a 98% repayment rate.
Going to School
From words to pictures, this organization believes in storytelling that delivers financial knowledge to Indian children. It is a nonprofit group based in New Delhi that teaches entrepreneurial skills to low-income children in India through books and moving pictures. Founded in 2005, Going to School has published several children’s books and short films, and is working towards a 15-minute, twice-weekly radio show on financial literacy for poor youth in four Indian cities.
Rural development from Bangladesh to the rest of the world. It began as a rural development organization in a remote Bangladeshi village in 1972 and now operates in 10 countries in Asia, Africa and the Caribbean. The program identifies certified health-care providers in local areas whom clients can be referred to at a discounted rate. As of April 2015, BRAC health loans have been issued to nearly 3,000 households.
Ekphatthana Microfinance Institution
Reaching children in rural Laos to teach them how to access finance for their futures. It is one of the first licensed microfinance institutions in Laos. One of its notable offerings is the Smart Kid Savers education program, which teaches children in the capital of Vientiane about basic financial concepts, and sets them up with real savings accounts to deposit and withdraw money, with parental authorization.