In many ways, this SocialBusiness.org top list of bank-related social innovations stems from the Grameen Bank in the sense that the conversation often comes back to microfinance, microcredit and microloans. At the same time, however, banking and social entrepreneurship often intersect in a variety of ways that our outside what Muhammad Yunus started a number of years ago.
From impact bond shorts to creative credit programs, these bank-related social innovations attempt to change the way banking is typically an exclusive practice and bring more people into a fairer bank system (and there's an organization in London, United Kingdom called Fair Finance which offers accessible and affordable finance). Another way is through education, for example, what MyBnk and its founder, Lily Lapenna, are pushing for.
25 Bank-Related Social Innovations
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Ebay Ventures Into Microfinance
Microlending Credit Cards
Volunteer Time Credits
From Impact Bond Shorts to Creative Credit Programs
By: Tiana Reid - Published: Jun 23, 2013