“AREA 2071” and “P&G” challenge finalists chosen for the first microcredit pilots in emerging markets

  • Pilots seek to solve pressing issues in emerging economies around credit facilities and sustainable support of retail SMEs
  • Outcomes of pilots focused on strengthening financial acumen of local retail SMEs
  • Pilots are part of a global challenge co-launched by AREA 2071 and P&G’s i-Dubai Lab to impact a billion people in emerging markets 

Dubai: AREA 2071, the innovation ecosystem of Dubai Future Foundation (DFF), and its partner, P&G’s i-Dubai Lab, the latest Procter & Gamble (P&G) Innovation Center, which covers MENA, East and Southwest Asia, have launched three micro-credit pilot projects with technology startups.

Launched in November 2019, the challenge aimed to find innovative micro-credit solutions to enable small retailers located across emerging markets to build financial credibility, acumen and stability in order to scale up their businesses. These solutions, which are at the heart of the announced pilots are part of a bigger mandate P&G has for emerging markets

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Uber for Business pilots coworker carpools to get people back to the office

Uber has announced a couple of notable updates to its business-focused platform, as the ride-hail giant seeks fresh revenue streams after a turbulent six months that saw gross ride bookings fall by up to 73% on last year.

The launch also comes as businesses figure out a way to safely exit lockdown and return their workers to offices and warehouses without enduring crowded public transit — something that Uber’s latest services go some way toward addressing. In the coming weeks Uber is introducing a new group rides product for employees, enabling companies to organize journeys for workers to travel together — it’s essentially a carpool for coworkers.

Employees hit the “choose group rides” button in the main Uber app, and Uber then matches them with fellow workers traveling roughly in the same direction.

Above: Uber: Carpool for coworkers

Ride-sharing is perhaps not the most alluring prospect during a global pandemic,

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