Stage 1 : Ideation
Approximately half of the 2 billion people living on less than $2 per day run businesses; however, few expand to become small or medium enterprises, despite the availability of micro lending and savings products. In Ghana, researchers from Innovations for Poverty Action (IPA) are studying the relationship between an innovative hybrid lending-savings tool and investments in productive firm assets, such as machinery, that add value to a business.
Economic Growth and Trade and Entrepreneurship
Economic Growth and Trade and EntrepreneurshipSEE LESS
Funds Raised to Date
To produce a hybrid-lending savings tool and investments in productive firm assets that add value to business.
How does your innovation work?
By requiring that the capital from the lending-savings tool be invested in a productive asset, researchers are evaluating whether the new tool can help improve the productivity and growth of small businesses.