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Guest Post: An Entrepreneur's Thoughts on Market Incentives & Foreign Aid

Mills Scofield

One of his main tasks was to structure a hedging derivative that negated foreign exchange risks so that Microfinance institutions could take safer loans from the developed world. I think that microfinance is one of those rare game changing social initiatives that manages to use market forces to drive social change.

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3 Things Driving Entrepreneurial Growth in Africa

Harvard Business Review

Or there’s Nairobi’s SuzieBeauty, which develops cosmetics catering to African tastes at quality matching Western levels. 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.