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Learning from Microfinance's Woes

Harvard Business Review

A few weeks ago, I attended a lecture about microfinance, and got sucker-punched. Expecting to hear a litany of pros and cons about the business, and an exploration of good and bad models, I was instead greeted with a knockout punch: Microfinance doesn't work, at least not in the way we think it does. That's nice.

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Businesses Serving the Poor Need to Get Over Their Unease About Profit

Harvard Business Review

Prahalad and his colleagues more than a decade ago in a series of articles and books, and it has stuck in the minds of businesspeople, policy makers, and nonprofits despite results that can only be described as dismal. The microfinance industry is a rare D and E success story. It's more than just conventional wisdom.

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How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

You can find the answer to the timing question nestled among the facts that David Bornstein lays out in the preface to his book, How to Change the World. And Bill Gates announced he was shifting his priorities from software development to social impact by moving full time to his foundation.

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What is the best way to make a difference in the world?

CO2

This question is at the heart of Jacqueline Novogratz’s inspirational book, The Blue Sweater. Over time, she learns that “solutions to poverty must be driven by discipline, accountability, and market strength, not easy sentimentality.” Jacqueline starts off as a young woman who was determined to save the people of Africa.