• HARVARD BUSINESS REVIEW  |  WEDNESDAY, FEBRUARY 1, 2017
    [Microfinance] 3 Things Driving Entrepreneurial Growth in Africa
    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.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, OCTOBER 5, 2016
    [Microfinance] Making Microfinance More Effective
    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 billion people who live on less than $2 per day , shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns and even wedding or funeral expenses can be enough to tip them, their families, or even an entire community below the poverty line.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, SEPTEMBER 7, 2016
    [Microfinance] How One Startup Developed a Sales Model That Works in Emerging Markets
    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. Prem, a BioLite Burner on our West India team, gives a HomeStove demonstration to a group of customers at a microfinance branch in Rajasthan.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, AUGUST 17, 2016
    [Microfinance] The 3 Preconditions for an Entrepreneurial Society
    And if you need access to money, crowdfunding platforms and microfinance options make that easier than ever. In 1985 Peter Drucker argued for a shift toward an entrepreneurial society, one where “executives in all institutions…make innovation and entrepreneurship a normal, ongoing everyday activity.” ” This intentionally broad view requires a fundamental change in mindset.
  • HARVARD BUSINESS REVIEW  |  MONDAY, AUGUST 15, 2016
    [Microfinance] Entrepreneurship Needs to Be a Bigger Part of U.S. Foreign Aid
    ” Laudable as these may be, USAID, the State Department, and other government agencies should really be backing programs that stimulate and support scalable, innovative, job-creating businesses – the kinds of companies that are antidotes to mass unemployment and economic hopelessness, not microfinance. These colossal “beltway bandits” work everywhere from Afghanistan to Zambia and purport to offer expertise in everything from microfinance to micro-irrigation.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, MAY 18, 2016
    [Microfinance] How Large NGOs Are Using Data to Transform Themselves
    A critical part was adapting a proven model in a related field: microfinance. By increasing or jump-starting these institutions’ housing microfinance lending, Habitat aims to create robust markets for this financing that can continue on their own. The fund has disbursed almost $50 million to 31 microfinance institutions in 20 countries, helping almost 50,000 families secure decent, affordable housing.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, JANUARY 28, 2016
    [Microfinance] Making Sense of the Many Kinds of Impact Investing
    Currently, impact can mean anything from venture investments in new health technologies to microfinance loans in Peru; from affordable housing in the US to renewable energy in India; from social impact bonds to private equity funds that create jobs. Everyone agrees that impact investing is on the rise.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, OCTOBER 8, 2015
    [Microfinance] The Conference That’s Trying to Reinvent How We Network
    When those in the group that had the job givers question pulled off their masks, they discovered that Muhammad Yunus , a Nobel Prize winner for his microfinance work, had been with them, listening carefully to all their suggestions. C2 Montréal’s outdoor plaza at night. Courtesy of C2. This past May, I found myself at a conference unlike any other I’d ever attended. What made it so different was the way people were interacting.
  • MILLS SCOFIELD  |  TUESDAY, MAY 5, 2015
    [Microfinance] Why CEOs have Liberal Arts Degrees
    She's spending the summer in Dhaka doing microfinance. Some of today's top CEOs were history, political science, sociology, chinese and music majors in college. They are leading global airline, chemical, healthcare, pharmaceutical, and financial companies, among others. There are very practical reasons for a Liberal Arts degree, and Samanee Mahbub (Brown '18) thinks the reasons are crystal clear. Let's hear it from her. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~.
  • MILLS SCOFIELD  |  TUESDAY, MAY 5, 2015
    [Microfinance] Why CEOs have Liberal Arts Degrees
    She's spending the summer in Dhaka doing microfinance. Some of today's top CEOs were history, political science, sociology, chinese and music majors in college. They are leading global airline, chemical, healthcare, pharmaceutical, and financial companies, among others. There are very practical reasons for a Liberal Arts degree, and Samanee Mahbub (Brown '18) thinks the reasons are crystal clear. Let's hear it from her. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, JANUARY 22, 2015
    [Microfinance] An Approach to Ending Poverty That Works
    Microfinance and other market-based interventions don’t generally reach them. All of us — researchers, policymakers, governments, social entrepreneurs, nonprofit development groups, microfinance institutions, corporations, and philanthropists — have a role to play in bringing them into the widening zone of prosperity. Ending extreme poverty by 2030 is the BHAG – the big, hairy audacious goal – of our generation.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, MAY 2, 2014
    [Microfinance] How Social Entrepreneurs Can Have the Most Impact
    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.
  • HARVARD BUSINESS REVIEW  |  MONDAY, MARCH 17, 2014
    [Microfinance] Give Impact Investing Time and Space to Develop
    We allowed microfinance and the venture capital industry the time and space to develop over a few decades. Impact investing has captured the world’s imagination. Just six years after the Rockefeller Foundation coined the term, the sector is booming. An estimated 250 funds are actively raising capital in a market that the Global Impact Investing Network estimates at $25 billion.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, FEBRUARY 21, 2014
    [Microfinance] Transforming Rural India Through Agricultural Innovation
    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. This leads to migration to urban areas resulting in urban blight as well. Therefore addressing the problem of rural poverty assumes urgency.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, AUGUST 1, 2013
    [Microfinance] The Innovation Mindset in Action: Shantha Ragunathan
    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. To participate in a microfinance campaign, the village had to form a Self Help Group (SHG) of about 20 people, with each member contributing a certain amount of money every month. Undeterred, Shantha persisted until she persuaded the required number of people to sign up for the microfinance project.
  • MILLS SCOFIELD  |  SUNDAY, JUNE 16, 2013
    [Microfinance] Innovating The Brick-and-Mortar Injustice Infrastructure
    This week''s post is by Andy Posner , Co-Founder & Executive Director of Capital Good Fund ( CGF ), a non-profit microfinance organization targeting the root causes of poverty through innovative micro-loans and personal financial coaching. Business Model Innovation Capital Good Fund Innovation Leadership Micro Loans Microfinance Poverty
  • HARVARD BUSINESS REVIEW  |  FRIDAY, MARCH 22, 2013
    [Microfinance] Can Technology End Poverty?
    Shameran Abed, who runs BRAC's microfinance program, explains what happened: "In the first couple months, a lot of our borrowers would send the money through their mobile phones and then physically show up at the branch to check with the accountant that the money had turned up.". At the program's peak, 700 pumps covered 27,000 acres, with the loans constituting 9% of BRAC's total microfinance portfolio. If you believe the hype, technology is going to help us end global poverty.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, MARCH 22, 2013
    [Microfinance] Can Technology End Poverty?
    Shameran Abed, who runs BRAC's microfinance program, explains what happened: "In the first couple months, a lot of our borrowers would send the money through their mobile phones and then physically show up at the branch to check with the accountant that the money had turned up.". At the program's peak, 700 pumps covered 27,000 acres, with the loans constituting 9% of BRAC's total microfinance portfolio. If you believe the hype, technology is going to help us end global poverty.
  • HARVARD BUSINESS REVIEW  |  MONDAY, MARCH 4, 2013
    [Microfinance] Facebook Presence Is an Important Clue to a Social Venture's Future
    This makes sense to Milaap.org , a social enterprise in Bangalore that crowdsources low-cost capital for microfinance institutions through its online platform. Fledgling social entrepreneurs may have a lot of passion, but they usually don't have much of a track record, a circumstance that leaves would-be backers to wonder: Which have the potential to become genuine world-changers? Which are likely to achieve significant social impact within an attractive business model?
  • HARVARD BUSINESS REVIEW  |  MONDAY, FEBRUARY 18, 2013
    [Microfinance] Entrepreneurs: You're More Important Than Your Business Plan
    We are proud to have made early investments in the work of Andrew Youn, who founded One Acre Fund; Wendy Kopp, who founded Teach for America; and Vikram Akula, who founded SKS Microfinance. "Would you take a look at my business plan?". Some member of our staff at Echoing Green, an angel investor and grantmaker in social enterprise, hears this request every week.
  • HARVARD BUSINESS REVIEW  |  MONDAY, JANUARY 21, 2013
    [Microfinance] It's Not All About Growth for Social Enterprises
    Successful examples of this approach are still rare; most people point to microfinance. If you ask venture capitalists in Silicon Valley how they measure the success of business entrepreneurs, they would no doubt list off metrics having to do with fast growth: funding raised, people hired, customers acquired, revenue produced. The assumption is that company growth is good.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, JANUARY 18, 2013
    [Microfinance] Scaling Up Without Losing Your Edge
    Following Abed's twist on Schumacher — "small may be beautiful, but big is necessary" — it now touches the lives of an estimated 126 million people with healthcare, education, enterprise development, microfinance and a slew of other programs. When demand is spotted — say, a need for financial literacy training and microfinance products tailored for teens, in the case of ELA — the organization doesn't waste time figuring out how to do things elegantly.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, JANUARY 11, 2013
    [Microfinance] Funders Can Give More than Money
    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. It called for leveraging the profits of the global microfinance institution, and coupling them with private investments from the Allmans and their donor network. We know that microfinance alone will not break the poverty cycle.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, JANUARY 11, 2013
    [Microfinance] What Makes Social Entrepreneurs Different
    Social entrepreneurs have also been some of the most attentive followers of the academic debate between the likes of Mark Pitt and Jonathan Murdoch about whether microfinance really helps reduce poverty. If Jonathan Murdoch and his collaborators are right in their calculations, then microfinance (in particular, microcredit) does not benefit the poor in the way it should, and a social entrepreneur working in the area of poverty-reduction cannot view the tool as a handy ally in her toolbox.
  • HARVARD BUSINESS REVIEW  |  TUESDAY, NOVEMBER 27, 2012
    [Microfinance] Microfinance Is Good for Women, but It's Only Part of the Solution
    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 has accomplished tremendous things and helped millions of women launch their own businesses; however, it is not a complete means of economically empowering women. Microfinance was one issue that we considered.
  • MILLS SCOFIELD  |  MONDAY, AUGUST 27, 2012
    [Microfinance] Guest Post: An Entrepreneur's Thoughts on Market Incentives & Foreign Aid
    One of his main tasks was to structure a hedging derivative that negated foreign exchange risks so that Microfinance institutions could take safer loans from the developed world. I think that microfinance is one of those rare game changing social initiatives that manages to use market forces to drive social change. This is a guest blog by Chia Han Sheng, Brown University '14, co-founder of MedInternational.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, JUNE 20, 2012
    [Microfinance] The Smart Way to Make Profits While Serving the Poor
    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. Most companies trying to do business with the 4 billion people who make up the world's poor follow a formula long touted by bottom-of-the-pyramid experts: Offer products at extremely low prices and margins, and hope to generate decent profits by selling enormous quantities of them.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, JUNE 13, 2012
    [Microfinance] Businesses Serving the Poor Need to Get Over Their Unease About Profit
    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. Mexico-based Compartamos , a microfinance bank that sold 35% of the company for $450 million in 2007, generates a NIM of around 60%.
  • CO2  |  MONDAY, JUNE 4, 2012
    [Microfinance] What is the best way to make a difference in the world?
    My solution was to found a microfinance organization that puts women in a position to create their own destinies and achieve their full potential. In 2006, Chingwell Mutombu founded First Step Initiative , a microfinance organization that provides small loans to women in the Democratic Republic of the Congo, enabling them to start and grow their own businesses. This question is at the heart of Jacqueline Novogratz’s inspirational book, The Blue Sweater.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, MAY 24, 2012
    [Microfinance] It Takes a Village to Raise an Entrepreneur
    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.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, APRIL 4, 2012
    [Microfinance] Global Entrepreneurs Need New Funding Models
    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. Some microfinance organizations are also moving out of the purely micro and toward larger lending.
  • HARVARD BUSINESS REVIEW  |  MONDAY, FEBRUARY 27, 2012
    [Microfinance] Learning from Microfinance's Woes
    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. The pugilist-presenter was David Roodman, a fellow at the Center for Global Development and the author of a new book, Due Diligence: An Impertinent Inquiry into Microfinance.
  • HARVARD BUSINESS REVIEW  |  THURSDAY, OCTOBER 13, 2011
    [Microfinance] Using Games to Get a Handle on Bank Risk
    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. Most audits and regulations of banks are focused on certifying the integrity of data and controls.
  • CHARTERED MANAGEMENT INSTITUTE  |  THURSDAY, SEPTEMBER 29, 2011
    [Microfinance] Book Review: The Social Entrepreneur’s Handbook
    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. You are not watching this post, click to start watching
  • JASON WOMACK  |  TUESDAY, SEPTEMBER 6, 2011
    [Microfinance] I'm a bank - well, with the help of Kiva.org!
    Intercontinental Ballistic Microfinance from Kiva Microfunds on Vimeo. What happens when 620,000 lenders fund 615,000 entrepreneurs, students, and other microfinance borrowers around the world? Ok for the first 3 people to suggest loan recipients, I will loan to entrepreneurs at www.Kiva.org. If you'd like to recommend someone I loan to, simply @ me over at Twitter: @ JasonWomack. Over the past 3 years, I've made over 170 loans.and, I'll continue doing so!
  • HARVARD BUSINESS REVIEW  |  MONDAY, AUGUST 1, 2011
    [Microfinance] Under Fire, Microfinance Faces Falling Out of Favor
    Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations. Dr. Muhammad Yunus introduced the concept of microfinance in 1983; in 2006, he won the Nobel Prize for his pioneering efforts. Such is the power of microfinance.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, JUNE 10, 2011
    [Microfinance] The Microfinance Contagion Scenario
    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. In a recent paper, Jonathan Morduch and Jonathan Conning explain the role of debt and equity financing in the microfinance industry.
  • HARVARD BUSINESS REVIEW  |  FRIDAY, APRIL 22, 2011
    [Microfinance] Lessons for Social Entrepreneurs from the Microfinance Crisis
    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. But we shouldn't ignore how the microfinance industry made itself vulnerable to attacks with a political motive.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, MARCH 16, 2011
    [Microfinance] Women as Microfinance Leaders, Not Just Clients
    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. It's vital to reverse the trend and help microfinance institutions attract, train, and retain talented women. Diversity Gender microfinance WWB
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, MARCH 9, 2011
    [Microfinance] The Downside of Focusing on Women and Girls
    David McKenzie's research in Sri Lanka, Mexico, Brazil and Ghana has shown that urban male entrepreneurs typically earn far higher returns from microfinance than women do (in Sri Lanka average returns on capital for women were 0%, for men 10%). Yesterday was International Women's Day and there were many articles and blog posts championing the idea that anti-poverty philanthropy should focus on women and girls (see, for instance, Mary Ellen Iskendarian's post for The Conversation ).
  • HARVARD BUSINESS REVIEW  |  TUESDAY, MARCH 8, 2011
    [Microfinance] Banking on Women and Girls: Key to Global Poverty Alleviation
    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. The pioneering microfinance institutions sought to provide credit to poor entrepreneurs who had no assets to pledge as collateral and, consequently, were denied access to capital by the formal banking sector.
  • HARVARD BUSINESS REVIEW  |  WEDNESDAY, FEBRUARY 2, 2011
    [Microfinance] President Obama Can Make Start-Up America Succeed
    Microfinance (Bangladesh), securitization of revenues (Saudi Arabia), and royalty-pay-back funding (Israel) were all invented overseas. I spend most of my time at Babson launching projects in other countries to foster entrepreneurship , but I was in the U.S. this week, the White House specifically, for the start-up of Start-Up America. Bravo President. Bravo White House. Bravo corporate America. Bravo private foundations, think tanks and NGOs. Bravo entrepreneurs.
  • MODERN SERVANT LEADER  |  FRIDAY, DECEMBER 10, 2010
    [Microfinance] Peer-to-Peer Microfinance: A Sustainable Solution to Poverty
  • HARVARD BUSINESS REVIEW  |  THURSDAY, DECEMBER 2, 2010
    [Microfinance] How to Create Youth Jobs After Conflicts
    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 will bring together government, civil society, and private sector representatives from Côte d'Ivoire, Guinea, Guinea Bissau, Liberia, and Sierra Leone.
  • MODERN SERVANT LEADER  |  THURSDAY, NOVEMBER 18, 2010
    [Microfinance] Servant Leadership Observer ? November 2010
    Peer-to-Peer Microfinance: A Sustainable Solution to Poverty. Twitter. LINKEDIN. The Modern Servant Leader Servant Leadership & Technology. Leadership. Technology. Resources. Other. Archives. September 20, 2011 Servant Leadership. Servant Leadership Intro. Servant Leader Posts. Assessment. About. About This Site. About the Author. Speaking. Twitter Followers. Comments Policy. Contact. You are here: Home >Not found: Not Found, Error 404. The page you are looking for no longer exists.