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Making Microfinance More Effective

Harvard Business Review

The Grameen model of microfinance gained a great deal of attention in the international development field after early data showed that it was associated with high repayment and low default. For the 2.5 A major challenge for international development efforts is determining which financial tools provide durable buffers against such setbacks.

Innovating The Brick-and-Mortar Injustice Infrastructure

Mills Scofield

Business Model Innovation Capital Good Fund Innovation Leadership Micro Loans Microfinance Poverty 1] [link].

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. Nonprofit microfinance ANDE

Peer-to-Peer Microfinance: A Sustainable Solution to Poverty

Modern Servant Leader

Book Review: The Social Entrepreneur’s Handbook

Chartered Management Institute

Rupert is the CEO of the foundation for International Community Assistance, a leading microfinance institution. The Social Entrepreneur’s Handbook by Rupert Scofield is written to guide the aspiring social entrepreneur through the full range of activities of starting, building and running a social business. Review by David Stephens FCMI.

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's exactly what's happening.

Women as Microfinance Leaders, Not Just Clients

Harvard Business Review

We're a network of microfinance organizations; we exist to share practices and develop the leadership skills required by a sector that has grown up fast. And as you might be aware, microfinance is a phenomenon that, while it did not set out to be "for women," has mainly turned out to be. Diversity Gender microfinance WWB

What is the best way to make a difference in the world?

CO2

My solution was to found a microfinance organization that puts women in a position to create their own destinies and achieve their full potential.

How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

A critical part was adapting a proven model in a related field: microfinance. Frontline Data as Wake Up Call. Using Models Proven Elsewhere.

I'm a bank - well, with the help of Kiva.org!

Jason Womack

Intercontinental Ballistic Microfinance from Kiva Microfunds on Vimeo. That's right, I found out how to be my own bank! Will you join? link].

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.

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.

An Approach to Ending Poverty That Works

Harvard Business Review

Microfinance and other market-based interventions don’t generally reach them. And we may have found a way to do this.

Can Technology End Poverty?

Harvard Business Review

At the program's peak, 700 pumps covered 27,000 acres, with the loans constituting 9% of BRAC's total microfinance portfolio. million users.

Can Technology End Poverty?

Harvard Business Review

At the program's peak, 700 pumps covered 27,000 acres, with the loans constituting 9% of BRAC's total microfinance portfolio. million users.

The Innovation Mindset in Action: Shantha Ragunathan

Harvard Business Review

Sasikala, a Block Development Officer (BDO), talked to the Kodapattinam villagers about microfinance , only Shantha, of all the villagers, saw the opportunity and took action. Undeterred, Shantha persisted until she persuaded the required number of people to sign up for the microfinance project. At six, Shantha lost her parents.

What Makes Social Entrepreneurs Different

Harvard Business Review

When social entrepreneurs say that they want to "work themselves out of a job" they are not making a glib statement to sound cool.

How One Startup Developed a Sales Model That Works in Emerging Markets

Harvard Business Review

Experiment #5: Microfinance Institutions. In emerging markets, microfinance has been a key economic engine in helping low-income households fund businesses and other important purchases in daily life. It was a daunting investment, but well worth the quality-of-life improvement. I am the cofounder and CEO of BioLite.

The Conference That’s Trying to Reinvent How We Network

Harvard Business Review

C2 Montréal’s outdoor plaza at night. Courtesy of C2. What made it so different was the way people were interacting. Attending a Conference.

Entrepreneurship Needs to Be a Bigger Part of U.S. Foreign Aid

Harvard Business Review

Here are two surprising facts. First, the average American estimates that over 25% of the U.S. federal budget goes to foreign aid. That is wildly off.

3 Things Driving Entrepreneurial Growth in Africa

Harvard Business Review

Firms are realizing what microfinance has known for a while: Local self-policing groups, or village headmen who police honor codes, can hedge cash flows in far-flung places. Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about.

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. Consider our means first.

Scaling Up Without Losing Your Edge

Harvard Business Review

Forty years ago, British economist E.F. The retort from mainstream economists was swift and scathing: "Small is stupid." It moves.

How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

Or consider Kwabena Darko of Ghana, who helped found that country’s microfinance sector by forging a collaboration between global NGO Opportunity International , his national startup Sinapi Aba , and a myriad of village- and town-based trust groups. Social enterprise in the U.S. is a fast-growing, but fragmented, movement. In the broader U.S.

Give Impact Investing Time and Space to Develop

Harvard Business Review

We allowed microfinance and the venture capital industry the time and space to develop over a few decades. sanitation, housing, mobile banking).

Banking on Women and Girls: Key to Global Poverty Alleviation

Harvard Business Review

On this 100th International Women's Day , it is right to reflect on how women have become the heart of the microfinance industry. It is easy to forget that the initial motivation for microfinance roughly 30 years ago was, to a great extent, gender neutral. Microfinance is about much more than extending credit. fewer children.

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

Harvard Business Review

Which are likely to achieve significant social impact within an attractive business model? It turns out one of the best clues may be on Facebook.

Transforming Rural India Through Agricultural Innovation

Harvard Business Review

Over 1,900 beneficiaries have established micro-enterprises for which microfinance has been facilitated. With a majority of its population living in villages, rural poverty is a major problem in India. The disparity between the urban and rural incomes is also on the rise. Therefore addressing the problem of rural poverty assumes urgency.

Making Sense of the Many Kinds of Impact Investing

Harvard Business Review

Everyone agrees that impact investing is on the rise. Faced with this uncertainty, most investors have chosen one of three options. Type of impact.

It's Not All About Growth for Social Enterprises

Harvard Business Review

Successful examples of this approach are still rare; most people point to microfinance. The assumption is that company growth is good. Maybe.

Servant Leadership Observer ? November 2010

Modern Servant Leader

Peer-to-Peer Microfinance: A Sustainable Solution to Poverty. Twitter. LINKEDIN. The Modern Servant Leader Servant Leadership & Technology.

CEO 9

Entrepreneurs: You're More Important Than Your Business Plan

Harvard Business Review

"Would you take a look at my business plan?". But we are interested in much more than these traditional plans. Purpose and Passion. Importance.

Why CEOs have Liberal Arts Degrees

Mills Scofield

She's spending the summer in Dhaka doing microfinance. Let's hear it from her. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~. My uncle pushes engineering.

Funders Can Give More than Money

Harvard Business Review

Six years ago, David and Donna Allman approached Opportunity with an idea that fell outside our traditional microfinance model: to build a Community Economic Development (CED) program in Nicaragua. We know that microfinance alone will not break the poverty cycle. percent lower than its value in 2007. Finance Innovation Nonprofit CED

Businesses Serving the Poor Need to Get Over Their Unease About Profit

Harvard Business Review

The microfinance industry is a rare D and E success story. Microfinance banks, which provide desperately needed loans to low-income consumers, draw mainstream investors because of their attractive returns. It's more than just conventional wisdom. It's practically the law of the land. It was laid down by C.K. Solae closed the pilot.

Global Entrepreneurs Need New Funding Models

Harvard Business Review

We wanted to do this because we recognize that small enterprises are a very significant engine for development; they create employment, which tends to be more sustainable and better paid than you would find in the more informal microfinance sector," says Oxfam's Nicholas Colloff. Johnson Foundation contributing $3 million to the facility.

The Smart Way to Make Profits While Serving the Poor

Harvard Business Review

Grameen Bank, the microfinance bank in Bangladesh, is well known for its use of peer groups: Self-formed clubs of five to 10 people, usually women, share responsibility for microloans. Any business that starts off needing a 30% or higher penetration rate is built on a shaky foundation. At the bottom of the pyramid, it's a losing proposition.

How to Create Youth Jobs After Conflicts

Harvard Business Review

Upon graduation, the governments, nonprofits, or (more recently) microfinance companies give them loans to buy tools and opens shops. On December 2-3, the United Nations will host a seminar in Sierra Leone on "Strategies and Lessons Learned on Sustainable Reintegration and Job Creation: What Works in West Africa?"

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. Social enterprise

Using Games to Get a Handle on Bank Risk

Harvard Business Review

Popular games also tend to spawn communities who share information and strategies about how to overcome hurdles, suggesting that peer to peer education is also possible (this has been seen in microfinance). Bank marketing materials focus on the dreams, anxieties and goals of consumers. Risk management processes don't — but they should.