May 24, 2009

J-PAL Publishes Long Awaited Microfinance Impact Study

Some readers may think the report is fairly damning to the marketing claims of the impact of microfinance—more studies like this in other areas and over longer periods are necessary before we can reject the traditional views though. Ultimately, though, this study is very good news for microfinance because it begins to illuminate what is really happening among borrowers. That information, in turn, can be used to improve the product to make sure that the best products are offered to clients—and the impact of microfinance can improve.

May 06, 2009

Thoughts from Day Two of Council on Foundations

Day Two of the Council on Foundations annual conference featured two great sessions that we’ll turn into articles soon. In each case, the presenters had useful, substantive and thought-provoking things to say. Of course, there were a couple of not-so-great sessions as well.

May 04, 2009

2009 Index of Global Philanthropy and Remittances Published Amid Steep Drops in Remittance Flows

How can policy and development encourage the use of remittance funds for positive development ends? Tim Ogden and Laura Starita, the editors of Philanthropy Action, together with Heidi Metcalf, the deputy director of the Hudson Institute, tackled that question in Hudson’s 2009 Index of Global Philanthropy and Remittances.

Apr 06, 2009

Moratorium on Moyo Mumbling

Both those who have praised or condemned Dambisa Moyo’s new book seem to have lost touch—as they fine-tune the language of their point-counterpoint—with an inexorable reality: there is zero chance that Western governments will cut off aid flows to Africa within five years. Is there any practical advice on offer anywhere?

Mar 25, 2009

Boldness and Social Return

Mar 24, 2009

More Insight On the Financial Lives of the Poor

Our conception of the problem with financial services for the poor remains stubbornly wrong. The problem is not a lack of access to financial services, but a lack of access to high-quality (from the client’s perspective), low cost financial services. Data is a helpful tonic, helping us understand the real context the poor live in and hopefully design programs accordingly.

Mar 23, 2009

Informal Economies and What they Can (and Can’t) Do for the Poor

Mar 06, 2009

Stimulus Funding for Effectiveness Research Worth Following

One part of the Obama administration’s proposed budget provides an example worth following for private philanthropy—investing in effectiveness research. Questions abound in nearly every social area, from education to health to economic development. Behavioral economics is also at work on donors and funders as they make choices about what to invest in. The impulse—as with that cookie—is to earmark money directly for recipients, because the gain seems immediate. But absent any evidence that programs work, it is a false gain. Instead, we should remember to support the research projects that can tell us for sure whether the gain is sustaining or not, and be willing to act on the evidence, even if we don’t like it.

Feb 26, 2009

Mobile Cash Transfers Pose Threat to Banks

In December of last year, a group of banks reportedly lobbied the Kenyan finance minister to audit M-Pesa, a mobile funds transfer service offered by the telecommunications firm Safaricom, in an effort to have the service shut down.

Jan 19, 2009

Questioning the Value of Holistic Approaches

A recent New Yorker article raises the question of whether solutions aimed at solving two social problems—in this case, environmental destruction and urban unemployment—produce better results than would be achieved by tackling both separately.