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Learning from Microfinance's Woes

Harvard Business Review

A few weeks ago, I attended a lecture about microfinance, and got sucker-punched. Expecting to hear a litany of pros and cons about the business, and an exploration of good and bad models, I was instead greeted with a knockout punch: Microfinance doesn't work, at least not in the way we think it does. That's nice.

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Transforming Rural India Through Agricultural Innovation

Harvard Business Review

On my last trip to India, I witnessed an innovation experiment, National Agro Foundation (NAF) , that addresses this wicked problem. Addressing the agriculture value chain—soil testing, facilitation of inputs and credit, market linkage, and field advisory services—is part and parcel of agriculture development initiatives.

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How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

Not many would associate innovation with large, service-oriented nonprofits with decades of history. By February 2016, more than three-quarters of the Central Territory Corps were trained in the new model. A critical part was adapting a proven model in a related field: microfinance.

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Funders Can Give More than Money

Harvard Business Review

At Opportunity International , where the focus is on providing loans, savings, insurance, and related training to clients in the world's poorest communities, our major donors like to see the work up close. We know that microfinance alone will not break the poverty cycle.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

The White House has called this gap between the demand and supply of finance for small and medium enterprises a "market failure.[and] Yet new breeds of solutions are emerging, with private and public players joining hands to find innovative answers. For now, my business is much better, but it all boils down to finance.".

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It Takes a Village to Raise an Entrepreneur

Harvard Business Review

Social entrepreneurship has evolved a great deal since the late 1980s, when pioneers like City Year 's Alan Khazei and Teach for America 's Wendy Kopp took great risks to prove that innovative organizations could produce transformative social change.

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It's Not All About Growth for Social Enterprises

Harvard Business Review

To address this, Cape Town-based NGO mothers2mothers employs and trains HIV-positive mothers as "Mentor Mothers" who work alongside nurses and doctors in clinics, providing psychosocial support to pregnant women and new mothers living with HIV. This innovation has impact. Conclusion? So what should mothers2mothers' leaders do?