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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.

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

Harvard Business Review

We equipped a dozen chaiwalas with HomeStoves, trained them to use the stove, printed BioLite banners to hang on their stands, and set them up with cords, so customers could charge their phones off our stove. Each Burner undergoes a five-day intensive training and receives their own HomeStove Delivery Box.

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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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How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

Army staffers now develop individual strategies to overcome these barriers, connecting families to community services to achieve self-sufficiency. By February 2016, more than three-quarters of the Central Territory Corps were trained in the new model. A critical part was adapting a proven model in a related field: microfinance.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

For me, it has been a problem of finance until LEDFC," he says, referring to the Liberian Enterprise Development Finance Corporation that offers Liberian-owned firms desperately needed small business loans. The goal is "to develop sustainable banking products which are more accessible for qualified candidates and women in general."

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The Innovation Mindset in Action: Shantha Ragunathan

Harvard Business Review

Sasikala, a Block Development Officer (BDO), talked to the Kodapattinam villagers about microfinance , only Shantha, of all the villagers, saw the opportunity and took action. Undeterred, Shantha persisted until she persuaded the required number of people to sign up for the microfinance project. I knew I wanted to succeed.