Tag Archives: microfinance

Development choices: The poor or profits?

(updated) Muhammad Yunus, the Nobel Prize winning founder of the Grameen Bank, writes in today’s New York Times that microcredit has “give(n) rise to its own breed of loan sharks.”  He’s troubled, in particular, with the “commercialization” of the industry, formed, as he says to “provide small loans that people, especially poor women, could use to […]
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Clinton Global Initiative 2010: Things that made me go “hmmm…”

Poverty: A man or a woman? This year’s CGI kicked-off with “girl power.”  Specifically, the need to educate them, protect them, respect them, prepare them and empower them.   Among the ideas tossed around at this week’s do-gooder conclave that made me go “hmmm”: Technology: Cherie Blair who heads up her own foundation for women wants […]
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It’s the markets, stupid

The take-away from day two of CGI is that development has moved on from the question of whether it’s okay to profit from the poor.  Today’s CGI nugget: embrace the market. That’s where the opportunity, as Bono has declared, to “Make Poverty History” lies. Or, to put it in Clintonian terms: It’s the markets, stupid. Read […]
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Inside the poverty puzzle: a plug for slum tours

A year ago today, I landed in Mumbai, India’s bustling business capital.  I traveled there to spend time with 1298, a for-profit ambulance company that set up operations in response to the city’s lack of emergency care.  That’s right, India’s largest commercial center doesn’t have ambulances.  Mumbai simply lacks the capacity and resources for such […]
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Profit: A dirty word?

Is it okay to profit off the poor?  I, along with a number of other development junkies, debated this point over Twitter on Friday.  It came at the behest of the inimitable Matthew Bishop, co-author of Philanthrocapitalism. He did so following a blog post he and co-author Michael Green wrote following Muhammad Yunus’s reaction over […]
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How to make Haiti a partner

“We will be here today, tomorrow, and for the time ahead,” Secretary of State Hillary Clinton said during her four-hour visit last week to Haiti. We should be in Haiti in the time ahead, but not as patrons.  America needs to be Haiti’s partner.  But how do we get there? Tyler Cowen has a great […]
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