article thumbnail

How Can I Start My Own Business?

Strategy Driven

Home Equity Loans : While most individuals use home equity loans for affording a college education or for funding a home renovation, they can also be used to cover business expenses. Microfinance organizations provide small loans in order to help entrepreneurs get their business off the ground in the beginning.

article thumbnail

Under Fire, Microfinance Faces Falling Out of Favor

Harvard Business Review

Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations. I hope not.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Making Microfinance More Effective

Harvard Business Review

The Grameen model of microfinance gained a great deal of attention in the international development field after early data showed that it was associated with high repayment and low default. Households responded better to health shocks and spent 20 percent more on education and 15 percent more on meat and fish.

article thumbnail

Lessons for Social Entrepreneurs from the Microfinance Crisis

Harvard Business Review

The microfinance industry has in just a few years gone from making headlines for the Nobel Peace Prize to stories about limited impact, allegedly abusive tactics, client suicides, government crackdowns, major lenders struggling with insolvency and the forcible removal of Mohammed Yunus as Managing Director of Grameen Bank.

article thumbnail

Why CEOs have Liberal Arts Degrees

Mills Scofield

Educating myself about the fall of the Roman Empire may not provide direct, transferable skills to the corporate office, the quirky startup, or any particular field of work. She's spending the summer in Dhaka doing microfinance. But I argue it gives me something even better: critical thinking skills.

CEO 70
article thumbnail

Why CEOs have Liberal Arts Degrees

Mills Scofield

Educating myself about the fall of the Roman Empire may not provide direct, transferable skills to the corporate office, the quirky startup, or any particular field of work. She's spending the summer in Dhaka doing microfinance. But I argue it gives me something even better: critical thinking skills.

CEO 70
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.