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Can Impact Investing Avoid the Failures of Microfinance?

Harvard Business Review

Impact investing can learn from the history of microfinance — the provision of debt and other financial services to the poor — an industry that was at a similar stage 15 years ago. Lessons from Microfinance. There are two major debates in particular about microfinance that are relevant for the impact investment industry.

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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.

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Why CEOs have Liberal Arts Degrees

Mills Scofield

A career advisor once told me that those who pursue liberal arts majors and enter finance, consulting or technology are not the exceptions. While in high school, she started a 50-student organization supporting Acid Survivors Foundation to help rehabilitate burn survivors of acid attacks. They are the norm.

CEO 70
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Why CEOs have Liberal Arts Degrees

Mills Scofield

A career advisor once told me that those who pursue liberal arts majors and enter finance, consulting or technology are not the exceptions. While in high school, she started a 50-student organization supporting Acid Survivors Foundation to help rehabilitate burn survivors of acid attacks. They are the norm.

CEO 70
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Women as Microfinance Leaders, Not Just Clients

Harvard Business Review

This year my organization decided to give an award for "excellence in leadership," and among the elements of excellence we expect to see in the winner, we're putting one criterion front and center: the nominees' commitment to gender diversity in their leadership ranks.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

In low-income countries, according to World Bank data in a recent paper by the consultancy Dalberg, 43% of businesses with between 20 and 99 employees say that access to finance is a major constraint. The White House has called this gap between the demand and supply of finance for small and medium enterprises a "market failure.[and]

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How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

and globally, and Habitat for Humanity, which works in 70-plus nations to provide home construction, rehabilitation, and increased access to shelter and financing, gathered data from their sites to make the case for profound change. Next, the organizations looked outside for models that showed evidence of results in related fields.