The Best Ideas in International Aid

This past week I posted an article on Facebook where the title was “7 worst ideas in international aid ideas”. As a friend quickly pointed out it is much easier to criticize than it is to come up with better solutions which is a sentiment I certainly agreed with. As I shared in my post, […]

Minimum wage reducing poverty in developing countries?

The Financial Times had a guest post from a professor at Brazil’s Fundação Dom Cabral which is one of the top business schools in the country. The premise of the post was that increases in minimum wage have been the driver of poverty reduction in both Brazil and China. The author notes that the minimum […]

Uganda has no Thanksgiving

Thanksgiving historically traces back to 1621 when the Pilgrims had their first successful harvest and signified that they would be able to make it through the winter. Of the 102 Pilgrims who embarked on the journey, Thanksgiving signified that for the remaining 50 they would survive to build for themselves and those to come a […]

Money Lending and Why People Borrow From the Mafia

By now most people are familiar with the outrageous interest rates money lenders charge the poor. In rural Pakistan the average interest rate was 78% even though the default rate was only 2%. In Chennai, India a working capital loan had an interest payment of 4.69% per day. To put that in perspective, a $5 […]

The Poor Need People With Ambition

The University of Pennsylvania did an experiment where students were given $5 for fill out of short survey and then shown two flyers from Save the Children asking them for a donation. The first flyer detailed the global poverty problem with 3 million children in Malawi facing malnutrition along with drought in Zambia and 11 […]

Women Empowerment in a Male Dominated Culture

Any society that limits half of its population to menial labor is already putting itself at a disadvantage. The mantra carried around the world lifting up women to a place a dignity and respect has made great strides but change does not happen over night. No organization can insight such drastic change, even if that change […]

Microfinance in a Social Business

The greatest difficulty in opening banking services to the poor is the lack of information. The poor live on the margins of society and are absent from documented processes. The low volume of money they both earn and spend make it difficult for any type of financial history to be created for them.  Group lending […]