Poverty

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Jeffrey Sachs - Thumbnail

Jeffrey Sachs

By Eric Nee 9

Jeffrey Sachs believes we must lift a billion-plus people out of poverty while reducing our impact on the environment.

Jessica Jackley - International Development Through Microfinance

Jessica Jackley is cofounder of Kiva.org, the nonprofit microfinancing website that allows people to promote international development and break the cycle of poverty by lending as little as $25 to a specific third-world entrepreneur. In this audio lecture, sponsored by the Stanford Center for Social Innovation, Jackley talks about how she is revolutionizing philanthropy and inspiring a new generation of philanthropists through technology.

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Microfinance Misses Its Mark - Thumbnail

Microfinance Misses Its Mark

By Aneel Karnani 46

Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.

In Microfinance, Clients Must Come First - Thumbnail

In Microfinance, Clients Must Come First

By Srikant M. Datar, Marc J. Epstein, & Kristi Yuthas 20

Few microfinance institutions articulate what, exactly, their ultimate goals are and how to achieve them. If the goal of microfinance is to alleviate poverty, the authors say, then MFIs should focus on helping their clients build successful enterprises, rather than on making more and bigger loans.

Romanticizing the Poor - Thumbnail

Romanticizing the Poor

By Aneel Karnani 17

Market solutions to poverty, which include services and products targeting consumers at the “bottom of the pyramid,” portray poor people as creative entrepreneurs and discerning consumers. Yet this rosy view of poverty-stricken people is not only wrong, but also harmful.