Why CEOs have Liberal Arts Degrees

Mills Scofield

So I’m going to take that Shakespeare class (or maybe not), I will learn about Karl Marx’s theory of alienation, and I’m going to delve further into Middle Eastern history. She's spending the summer in Dhaka doing microfinance.

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What Makes Social Entrepreneurs Different

Harvard Business Review

Social entrepreneurs have also been some of the most attentive followers of the academic debate between the likes of Mark Pitt and Jonathan Murdoch about whether microfinance really helps reduce poverty. But the evidence shows that over time they generate completely new value classes.

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3 Things Driving Entrepreneurial Growth in Africa

Harvard Business Review

To gain traction with that upper-middle class — and their disposable income — entrepreneurs need the ability to blend international quality standards with African design. Firms are realizing what microfinance has known for a while: Local self-policing groups, or village headmen who police honor codes, can hedge cash flows in far-flung places.

Making Sense of the Many Kinds of Impact Investing

Harvard Business Review

Currently, impact can mean anything from venture investments in new health technologies to microfinance loans in Peru; from affordable housing in the US to renewable energy in India; from social impact bonds to private equity funds that create jobs. down one side and impact classes (e.g.,

How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

applied for Teach for America—including 10% of the graduating classes of Dartmouth and Yale. Or consider Kwabena Darko of Ghana, who helped found that country’s microfinance sector by forging a collaboration between global NGO Opportunity International , his national startup Sinapi Aba , and a myriad of village- and town-based trust groups. Social enterprise in the U.S. is a fast-growing, but fragmented, movement.

The Downside of Focusing on Women and Girls

Harvard Business Review

David McKenzie's research in Sri Lanka, Mexico, Brazil and Ghana has shown that urban male entrepreneurs typically earn far higher returns from microfinance than women do (in Sri Lanka average returns on capital for women were 0%, for men 10%). Just look at affirmative action programs in the United States that continue while a flood of research shows that the important distinction to deal with is class not race (though of course the two do overlap).