Oct 22, 2010

My Favorite Study of the Day: Why Aren’t We Targeting Men?

Two years ago David McKenzie presented results of his work in Sri Lanka on the returns on capital for male and female entrepreneurs. He found that women had zero or negative returns on capital, while men, on average, generated fairly high returns. Since then he’s run a similar study in Ghana. I’ll be writing about this study in more detail later, including an interview with David, but for now I wanted to pass along the content of David’s last slide which covers his conclusions from the studies he’s done on this issue:

Jun 29, 2010

U.S. Lagging, Not Leading, Social Entrepreneurship

May 31, 2010

Patient Optimism In Other Words

Apr 23, 2010

Esther Duflo wins John Bates Clark Medal

Today Esther Duflo was announced as the winner of the John Bates Clark Medal. The award is granted to the economist under age 40 who has “contributed the most to the profession.“ The increasing recognition of Duflo’s groundbreaking work to bring experimental economics to bear on real world questions is a ray of hope that philanthropy and public policy can learn from what works.

You can read an extensive interview with Esther Duflo here.

Feb 24, 2010

Helping Haiti’s Children, Part II

What should people do who want to help Haiti’s children?

Dec 21, 2009

The Neocolonialists?

Recently I was listening to Rory Stewart’s The Places In Between, the story of his walk across Afghanistan. Near the end of the book Stewart turns his attention to the aid agencies, public and private, that had come rushing into Afghanistan. His observations are worthwhile reading for anyone interested in making international aid more effective, so I’m excerpting them here.

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 16, 2009

Kiva, Transparency, Connections and Conduits

There’s been a great deal more conversation about the gap between the Kiva story and the Kiva reality since my post on Monday. You can see a mostly comprehensive guide to the conversation here (and I really recommend reading through the first several articles there if you’re not familiar with the debate). The most important update is that Kiva tonight posted a new, more complete description of how it operates. I want to react to various points made in the debate and Kiva’s update, clarify where I stand and ask a few more questions of everyone involved. I truly hope the outcome of all of this conversation is lots of Kiva users, and lots of other donors, who are willing to accept less connection in favor of more effectiveness.

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.