Nov 16, 2009

Saving the World By Lowering Your Expectations

Impatient optimists are like investors in subprime mortgages in 2007. They can be so blinded by the upside that they fail to do their due diligence. In the end, their impatience and pursuit of outsize returns fuels waste and disappointment. Patient optimists, by contrast, have lowered their expectations of any particular program or intervention, but not their belief in a better world over the long term. If we’re going to succeed in making the world a better place, we need to convince more people to lower their expectations, too.

Oct 28, 2009

Microfinance: Autism or Hormone Replacement Therapy?

This has been a banner year for gathering real evidence about microfinance. But does all of this research matter? Will it change what donors believe about microfinance? In other words, is microfinance more like autism or Hormone Replacement Therapy?

Oct 12, 2009

Even More Questions About Kiva

Today I saw a Kiva document that, for me, points to a far bigger problem with Kiva than those already pointed out. Two points in the document floored me. First, all losses from Kiva-securitized loans are borne by the Kiva user. Second, Kiva’s monthly repayment reports are not based on actual repayment data.

Nov 21, 2008

Interview: Roger Frank of Developing World Markets on the Credit Crisis and Microfinance

Attention in the financial markets has been focused on the struggles of developed world institutions. To date, there hasn’t been much coverage of the impact of the financial crisis on microfinance—either on the flow of new capital to microfinance or the impact on MFIs that have borrowed money in hard currency while making loans in local currencies. Roger Frank is a partner at Developing World Markets, an investment banking and asset management firm specializing in microfinance, and has a front-row seat as the credit crisis increasingly impacts emerging market countries and microfinance. Roger spoke with Philanthropy Action recently about how the credit crisis is affecting investors and MFIs.

Sep 16, 2008

Free and Fair Trade in Healthcare

Apr 30, 2008

No Punishment for Traffickers

Nearly every country on the globe is either a source or a destination location for trafficked people (or both). Most trafficking cases begin with the promise of a good job in another location (a separate country, or a different region). The trafficked person goes willingly at first, and only realizes later that he or she has been sold into slavery or debt bondage. While sex trafficking gets most of the headlines, labor trafficking is far more prevalent. The United States estimates that 800,000 people are trafficked across national borders every year, while many NGOs in the sector estimate that the total number, including those trafficked within their home country, exceeds 20 million.

Apr 16, 2008

Global Food Inflation: What Can Be Done?

Rapidly rising food prices around the world are capturing front page headlines daily. The problems in the agricultural sector of been decades in the making and will take several years to fix.The biggest danger is that in the rush to short-term fixes, we’ll simply create more distortions that don’t deal with the real issues and make future food crises even worse.

Mar 28, 2007

TB Rates Decline, But XDR-TB Lurks in the Wings

The World Health Organization has announced that worldwide tuberculosis cases as a percentage of the population held steady in 2006. Yet more cases of tuberculosis are identified as extensively drug-resistent (XDR-TB).