Can Impact Investing Avoid the Failures of Microfinance?
Harvard Business Review
JUNE 8, 2018
So it’s important to recognize that if we expect to expand impact investment based primarily on its profitability, we should expect to get just what we set out to create: a tool that has maximized profit over impact. Lessons from Microfinance. First, does microfinance help people, and if so, how much?
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