Enjoy your complimentary access to the following articles brought to you by Stanford Social Innovation Review in partnership with International Folk Art Festival.
The Strength of Social Enterprise
As government and philanthropic funding becomes unpredictable and markets evolve, some nonprofits can succeed with social enterprise. An innovative NeighborWorks America program shows them how to do it.
Critics of microfinance institutions (MFIs) ask them to choose between helping the poor or making money for investors, but this is a false choice. MFIs can have their impact and profit, too, says the author, the CEO of the Grameen Foundation. He sketches a new vision of microfinance as a platform, not a product; one that relies on high volumes, not high margins, and that uses limits on private benefit, holistic performance standards, and third-party certification to help MFIs meet both their bottom lines.
Rediscovering Social Innovation
Social entrepreneurship and social enterprise have become popular rallying points for those trying to improve the world. These two notions are positive ones, but neither is adequate when it comes to understanding and creating social change in all of its manifestations. The authors make the case that social innovation is a better vehicle for doing this. They also explain why most of today's innovative social solutions cut across the traditional boundaries separating nonprofits, government, and for-profit businesses.
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