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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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Women as Microfinance Leaders, Not Just Clients

Harvard Business Review

We're a network of microfinance organizations; we exist to share practices and develop the leadership skills required by a sector that has grown up fast. And as you might be aware, microfinance is a phenomenon that, while it did not set out to be "for women," has mainly turned out to be. percent).

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The Innovation Mindset in Action: Shantha Ragunathan

Harvard Business Review

Although she was poor in resources, she possessed the innovation mindset shared by many game changers: they see and act on opportunities , use "and" thinking to resolve tough dilemmas and break through compromises, and employ their resourcefulness to power through obstacles. Hopeless as her situation was, Shantha engaged in "and" thinking.

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Transforming Rural India Through Agricultural Innovation

Harvard Business Review

On my last trip to India, I witnessed an innovation experiment, National Agro Foundation (NAF) , that addresses this wicked problem. Addressing the agriculture value chain—soil testing, facilitation of inputs and credit, market linkage, and field advisory services—is part and parcel of agriculture development initiatives.

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How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

Not many would associate innovation with large, service-oriented nonprofits with decades of history. Army staffers now develop individual strategies to overcome these barriers, connecting families to community services to achieve self-sufficiency. A critical part was adapting a proven model in a related field: microfinance.

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Funders Can Give More than Money

Harvard Business Review

At Opportunity International , where the focus is on providing loans, savings, insurance, and related training to clients in the world's poorest communities, our major donors like to see the work up close. We know that microfinance alone will not break the poverty cycle.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

Yet new breeds of solutions are emerging, with private and public players joining hands to find innovative answers. Standing before a brown swathe of land cut up into rectangular ditches for a World Bank-funded project just outside Liberia's capital city of Monrovia, George Howard is a beneficiary of one such innovation.