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Economic Development Social innovations that improve the living standards of the poor

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A Bank of Their Own

By Puja Changoiwala

Shunned by traditional financial systems, sex workers in Asia’s largest red-light district started their own bank. Now it is empowering other marginalized groups.

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The Profit in Nonprofit

By Bethany Coates & Garth Saloner 14

Why Kiva chose to be a 501(c)(3), what this tax status buys the organization, and how being a nonprofit poses challenges.