Helping the Poor Save More
To enrich the bottom of the pyramid, bankers to the poor should make saving money easier by using the latest findings from economics and psychology.
To enrich the bottom of the pyramid, bankers to the poor should make saving money easier by using the latest findings from economics and psychology.
The Chicago Metropolitan Agency for Planning is an example of government collaboration.
Microfinance has become a staple of international development. In this audio interview, Chetna Gala-Sinha talks with Stanford Center for Social Innovation correspondent Sheela Sethuraman about how her micro-enterprise development bank and foundation are economically empowering rural women in India. She describes the various tools and services that allow women to become financially independent, provide more adequately for their families, and drive international development.
With rapid mobilization the potential for networked philanthropy is growing.
Kiva has created an online marketplace that allows ordinary citizens to help specific entrepreneurs around the world to thrive with as little as $25. In this Stanford Center for Social Innovation sponsored audio interview, Kiva President Premal Shah discusses how the social enterprise relies on bazaar management techniques to carry out the organization's everyday functions. He describes the benefits of cost reduction and execution time and talks about the possibilities bazaar management opens for social entrepreneurship and the for-profit sector in general.
Funders are calling for more program evaluation, but nonprofits are often collecting dubious data, at great cost to themselves and ultimately to the people they serve.
Large-scale social change requires broad cross-sector coordination, not the isolated intervention of individual organizations.
With an understanding of these 10 funding models, nonprofit leaders can use the for-profit world's valuable practice of engaging in succinct and clear conversations about long-term financial strategy.
Conventional wisdom says that scaling social innovation starts with strengthening internal management capabilities. This study of 12 high-impact nonprofits, however, shows that real social change happens when organizations go outside their own walls and find creative ways to enlist the help of others.
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.