The Supermarket Lending Shoppers Money for Groceries

Five people stand side by side

From Katherine Latham / Reasons to Be Cheerful: In the United Kingdom, the supermarket Iceland Foods gives out interest-free microloans on pre-loaded cards during school holidays for families to spread out their grocery bills over time when finances are most stretched. The program also reduces pressure on food banks that are already struggling to meet demand.

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Read insights from organizations easing economic burden.

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Delana Finlayson leads Urban Think Tank Empower, a South African non-profit dedicated to socio-economic transformation through multidisciplinary projects. Notably, the Empower Khayelitsha project pioneers housing innovation approaches by integrating affordability, sustainability, and community engagement. Delana Finlayson spoke with Ashley Hopkinson...

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Antonio Lyons, Director of Georgetown University’s Racial Justice Institute’s EnActors, is a multi-disciplinary artist and Applied Theatre Practitioner blending poetry, music, and movement. A Fulbright Awardee and Oregon Shakespeare Festival Producing Fellow, he created We Are Here, a social activism...

From Deepali Khanna / Forbes: India’s Governmental program MUDRA Yojana sets up small loans to microentrepreneurs. Combined with SEMA (Self-Employed Women’s Association), the aim is to bolster growth of women entrepreneurs, reduce poverty, and increase the number of women entrepreneurs...

From Diane Berard / Future of Good: Novia Scotia, Canada, created community economic development investment funds with a 35% tax credit to investors to help small businesses that need capital but don’t qualify for bank loans. The cooperative FarmWorks brings...

From Martín Xavi Macías / NextCity: Chicago is asking its citizens, including youth, to help determine how to spend public money. Participatory budgeting involves communities identifying their greatest needs and guiding spending toward solutions. Read the original story here. Read...

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