article thumbnail

How to Raise Money as a Business

Strategy Driven

This plan needs to clearly outline your company’s goals, operations, and financial projections. Some alternative sources of funding for businesses include: Grants from government agencies or private foundations Microfinance organisations that provide small loans to entrepreneurs in developing countries.

article thumbnail

The Microfinance Contagion Scenario

Harvard Business Review

So far, the Andhra Pradesh (AP) microfinance crisis has largely been viewed as a local issue, with relatively little impact beyond AP or India's borders. Other microfinance crises, in Bolivia, Nicaragua, Nigeria, and Bosnia, have not spread beyond the borders of a particular country. That could likely have consequences.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

Harvard Business Review

And their intuition isn't baseless: As the bottom-of-the-pyramid concept shifted into the public eye and attracted the criticism of the development sector, the standards for judging the impact of a venture aiming to serve low-income consumers seemed to get a lot tougher. The microfinance industry is a rare D and E success story.

article thumbnail

How One Startup Developed a Sales Model That Works in Emerging Markets

Harvard Business Review

With valuable learnings from the solar salesmen, we began the search to build our own dedicated team of salespeople to help us “open up shop” across each region of operation. Experiment #5: Microfinance Institutions. Customers show up regularly to take out loans, arrange payments, and track their finances.

article thumbnail

Can Technology End Poverty?

Harvard Business Review

Calling himself the ICT4D jester (using the development jargon for "information and communication technologies for development"), he has no shortage of material. At the program's peak, 700 pumps covered 27,000 acres, with the loans constituting 9% of BRAC's total microfinance portfolio. Immerse yourself in the details.