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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.

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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.

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It Takes a Village to Raise an Entrepreneur

Harvard Business Review

For the last two years, we have studied this evolution with our partners at Echoing Green , a fellowship-granting organization that provides seed funding to emerging social entrepreneurs. However, our research reveals that hybrid entrepreneurs are fighting an uphill battle to launch and scale their ventures.

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An Approach to Ending Poverty That Works

Harvard Business Review

Microfinance and other market-based interventions don’t generally reach them. BRAC’s short answer to these questions is yes, all of the above. I’d like to see the private sector, philanthropists, and social entrepreneurs throw their weight behind this idea to end poverty for all.

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Facebook Presence Is an Important Clue to a Social Venture's Future

Harvard Business Review

Fledgling social entrepreneurs may have a lot of passion, but they usually don't have much of a track record, a circumstance that leaves would-be backers to wonder: Which have the potential to become genuine world-changers? Which are likely to achieve significant social impact within an attractive business model?

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The 3 Preconditions for an Entrepreneurial Society

Harvard Business Review

And if you need access to money, crowdfunding platforms and microfinance options make that easier than ever. But today such companies seem to be stifling entrepreneurship; they have become short-term-oriented and unduly conservative. Many entrepreneurs claim they succeed despite, not because of, their schooling.