Getting by With a Little Help from Our Friends: Crowdsourcing and USAID Development Credit Loans
USAID’s Development Credit Authority utilizes risk-sharing tools to encourage private financial institutions to increase financing for creditworthy but underserved borrowers. Geovisualization of these loans will allow donors, host governments, and the public to see where USAID has helped enhance the capacity of the private sector to make loans to new businesses and could act as a gauge for trends or signal areas for synergy.
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Overview
USAID’s Development Credit Authority utilizes risk-sharing tools to encourage private financial institutions to increase financing for creditworthy but underserved borrowers. Geo-visualization of these loans will allow donors, host governments, and the public to see where USAID has helped enhance the capacity of the private sector to make loans to new businesses and could act as a gauge for trends or signal areas for synergy.
Until recently, these data could not be mapped due to problematic and non-standard location data for each loan. Under the policy umbrella of the First Quadrennial Diplomacy and Development Review, USAID leveraged federal partners, volunteer technical communities, and the power of crowdsourcing to perform intensive data mining and “geo-coding” to understand the geographic distribution of loans and make these data open to the public. Without any additional cost to USAID, data.gov, an online platform for hosting released data, was used for crowdsourcing for the first time.This case study details technical and policy implementation challenges and solutions to help other government entities explore how to leverage the power of “the crowd.” This form of engagement is opening government and development to the public in an entirely new way. Interested individuals – from transparency advocates to development students to geography fanatics – virtually sit next to USAID staff as true partners working to solve a complex problem.
When:Thursday, June 28, 2012, 12:00 – 1:30 PM EST
Where: 6th Floor Conference Room
Woodrow Wilson International Center for Scholars
Ronald Reagan Building and International Trade Center
One Woodrow Wilson Plaza
1300 Pennsylvania Ave, NW, Washington, DC 20004
This meeting is free and open to the public. Allow time for routine security procedures. A photo ID is required for entry.
TechChange will be providing online engagement for this event:
- To watch the live webcast on June 28th and contribute comments and questions for the panelists, visit:http://techchange.org/live-events/
- To follow and discuss the event on Twitter, use hashtag: #USAIDcrowd
Please find the report at the link below:
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Science and Technology Innovation Program
The Science and Technology Innovation Program (STIP) serves as the bridge between technologists, policymakers, industry, and global stakeholders. Read more
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