Banking on Microfinance
Transforming into banks has given microfinance institutions greater sustainability, but perhaps at the cost of mission drift.
Transforming into banks has given microfinance institutions greater sustainability, but perhaps at the cost of mission drift.
iCare is enabling Southeast Asian workers to purchase the basic goods of middle-class life without falling into debt.
There might be no better guide than Indian nonprofits for how to successfully scale up when resources are scarce.
Focusing on reducing costs can be the key to unlocking results at greater scale. Nonprofits in India and the United States provide important lessons for NGOs around the world on just how to do that.
Since 1970, more than 200,000 nonprofits have opened in the U.S., but only 144 have reached $50 million in annual revenue. They got big by doing two things: They raised the bulk of their money from a single type of funder. And just as importantly, these nonprofits created professional organizations that were tailored to the needs of their primary funding sources.
A decade of applying the collective impact approach to address social problems has taught us that equity is central to the work.
How do innovations move from the edges to the core of what an organization does? For maximum impact, innovations must cease to be innovative and become institutionalized and normalized.
Impact evaluations are an important tool for learning about effective solutions to social problems, but they are a good investment only in the right circumstances.
Scaling requires not only fidelity to core processes and programs, but also constant adjustments to local needs and resources.