This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. Maybe you can help! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~.
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.
Integrating venture creation into workforce development programs, traditionally focused on preparing individuals for employment under others, to offer entrepreneurship as a viable career option. ”
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.
Calling himself the ICT4D jester (using the development jargon for "information and communication technologies for development"), he has no shortage of material. That's easier said than done in a world where most product innovations are geared toward the rich. Grapple with the human dimensions of the problem.
Yet new breeds of solutions are emerging, with private and public players joining hands to find innovative answers. Standing before a brown swathe of land cut up into rectangular ditches for a World Bank-funded project just outside Liberia's capital city of Monrovia, George Howard is a beneficiary of one such innovation.
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.
Not many would associate innovation with large, service-oriented nonprofits with decades of history. Army staffers now develop individual strategies to overcome these barriers, connecting families to community services to achieve self-sufficiency. A critical part was adapting a proven model in a related field: microfinance.
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. Take, for example, the issue of economic development.
Although she was poor in resources, she possessed the innovation mindset shared by many game changers: they see and act on opportunities , use "and" thinking to resolve tough dilemmas and break through compromises, and employ their resourcefulness to power through obstacles. Hopeless as her situation was, Shantha engaged in "and" thinking.
Do we really want to beat India at developing clean tech, cheap medical devices, and affordable housing? Encourage financial entrepreneurship and innovation. Entrepreneurship in financial services has been given a bad rap as one contributor to the economic crisis, but we desperately need innovative financing models for start-ups.
When presented with a surprising idea, smart organizations will bravely listen, because what comes next might just be game-changing innovation. 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.
And Bill Gates announced he was shifting his priorities from software development to social impact by moving full time to his foundation. Note: This post is adapted from my remarks at Babson College’s 2014 Lewis Institute Social Innovator Awards. In the broader U.S. Lead collaborations, not just organizations.
Yet unlike in finance, where distributing risk across institutions is the goal, in drug development the focus is on isolating risk. Although new drugs are developed for those with a particular disease, they are tested in a healthy population before they are distributed and assessed in a vulnerable one.
Calling himself the ICT4D jester (using the development jargon for "information and communication technologies for development"), he has no shortage of material. That's easier said than done in a world where most product innovations are geared toward the rich. Grapple with the human dimensions of the problem.
This innovation has impact. When an organization has evidence that its innovation and model produce substantial social impact, its leaders face a dilemma: do we grow our organization continuing to provide our service directly or do we expand our impact by helping other organizations adopt the model? Conclusion?
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.” And if you need access to money, crowdfunding platforms and microfinance options make that easier than ever.
Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about. Or there’s Nairobi’s SuzieBeauty, which develops cosmetics catering to African tastes at quality matching Western levels. Innovation in Distribution.
A major challenge for international development efforts is determining which financial tools provide durable buffers against such setbacks. 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.
Without economies of scale, they argued, developing societies would never develop the efficiencies needed to modernize. To address the needs of youth in developing countries, BRAC launched a girls' empowerment program, Empowerment and Livelihood for Adolescents (ELA), in 2008. So BRAC got into food processing.
” In less mature economies and fragile regions of the world, entrepreneurs are just as, if not more, critical to livelihoods and development. Among the initial findings : more effective programs emphasize communication skills, networking, and organizational structure over developing finance and accounting skills.
“My definition of a yoga teacher is just someone who helps people to develop a full spectrum practice in their life. Embracing your multiple identities can improve your ability to take others’ perspectives and engage in creative and innovative behavior. ” Connections between work and home can also be influential.
Here are our four rules we use to evaluate the underlying business concept: Innovation. The kids develop discipline and focus, but also practical, marketable skills. Even the most entrepreneurial leader, of course, needs a great idea. Has it been tried this way before? Marquis found a way to do this. Importance.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content