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Innovating The Brick-and-Mortar Injustice Infrastructure

Mills Scofield

This week''s post is by Andy Posner , Co-Founder & Executive Director of Capital Good Fund ( CGF ), a non-profit microfinance organization targeting the root causes of poverty through innovative micro-loans and personal financial coaching. It’s time for us to finally put poverty out of business for good. [1]

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Can Impact Investing Avoid the Failures of Microfinance?

Harvard Business Review

Making something wildly profitable will of course attract the attention of financial markets, and thus increase the chances it will scale effectively. Impact investing can learn from the history of microfinance — the provision of debt and other financial services to the poor — an industry that was at a similar stage 15 years ago.

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Microfinance Is Good for Women, but It's Only Part of the Solution

Harvard Business Review

Career paths are not one-size-fits-all, yet in emerging markets, it's often assumed that microfinance — the use of small loans to foster self-reliant small businesses in a community setting — is the only path for women seeking economic opportunity. Microfinance was one issue that we considered.

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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. Of course, in a reasonable number of cases the benefits are real, and this leads to sustainable traditional enterprises.

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Scaling Up Without Losing Your Edge

Harvard Business Review

Following Abed's twist on Schumacher — "small may be beautiful, but big is necessary" — it now touches the lives of an estimated 126 million people with healthcare, education, enterprise development, microfinance and a slew of other programs. Today it runs a sprawl of surplus-generating businesses across diverse sectors.

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An Approach to Ending Poverty That Works

Harvard Business Review

Microfinance and other market-based interventions don’t generally reach them. From there, participants receive set of six interventions over the course of 24 months. At BRAC , where I work, we call this subset the “ultra-poor.” If we’re to end poverty, we can’t ignore them.

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How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

Leading MBA programs have doubled the number of courses they offer that have social enterprise content. Since then, TFA has become one of the largest employers of Ivy League graduates. Huge companies like IBM have created programs to train and transition retirees into social sector roles.