article thumbnail

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.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

It Takes a Village to Raise an Entrepreneur

Harvard Business Review

Commercial microfinance organizations are perhaps the best-known hybrid organizations, but social entrepreneurs now use hybrid models to address a diverse set of social issues that includes hunger, healthcare, economic development, environment, education, housing, culture, law, and politics.

article thumbnail

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. trillion each year , 5% of the global gross domestic product. At BRAC , where I work, we call this subset the “ultra-poor.” 5% of GDP over six years.

article thumbnail

The 3 Preconditions for an Entrepreneurial Society

Harvard Business Review

This post is one in a series of perspectives by presenters and participants in the 8th Global Drucker Forum. And if you need access to money, crowdfunding platforms and microfinance options make that easier than ever. Drucker Forum 2016: The Entrepreneurial Society. Internet technology has essentially democratized entrepreneurialism.