Vijay Mahajan of BASIX on risks and results in microfinance

A good article that touches on some of the issues in my last post is a recent interview of Vijay Mahajan on the Credit Suisse website. In the interview Mr. Mahajan points out to some of the prerequisites for microfinance to pull people out of poverty. He also highlights the need to match investment growth in this sector to the available management capacity in order to avoid a bubble in the sector. Here are some extracts from his interview. Read the rest of the post at http://blog.ambientengines.com

Grameen and Continuum partner to address talent gap in microfinance

Last week I had the opportunity to attend a panel discussion at Continuum, the design consultancy, on “Building Leadership in the Microfinace Sector”. The presentation and discussion centered around some very preliminary findings based on an initial field trip and set the stage for more detailed field research to be conducted later this year. I have outlined some of their observations at the meeting and my reaction to what I heard. Read the details at http://blog.ambientengines.com

Another successful year for ForSE 2009

Another successful conference on Social Entrepreneurship was held on October 23rd, this time at Babson College in Boston’s Wellesley suburb. Details on the conference and photos were posted in a local e-magazine, Lokvani.com and are reproduced for those who could not attend. For details go to
http://blog.ambientengines.com

An Investors perspective of Microfinance

An Investors perspective of Microfinance – Over the past years, microfinance has grown increasingly prominent and found its way into the common vernacular. As microfinance has become increasingly mainstream, major investors have started to take positions in microfinance companies. What are the potential returns and social impacts that investors see in this segment? More details at http://blog.ambientengines.com

ForSE 2009: Forum for Social Entrepreneurs on Oct 23 at Babson College

Our annual conference on Social Entrepreneurship – ForSE 2009: Forum for Social Entrepreneurs will be held on Friday October 23. This time we are working together with Babson College’s Net Impact Undergrad organization to host it at Olin Hall on Babson College’s lovely Wellesley campus.

A conversation on Microfinance

Couple of months ago we had the privilege to host Mr. N. Srinivasan in Boston. Mr. Srinivasan is the author of the ‘Microfinance in India: State of the Sector Report 2008’, was Chief General Manager of India’s National Bank for Agriculture and Rural Development (NABARD) where he served for 25 years. Here are excerpts from an interview and Mr Srinivasan’s open letter to the Indian Government.

How to multiply your social impact 2X to 6X

Bala Vishwanath, an IIT and IIM alum, saw an opportunity to multiply the social impact of every dollar, quit his job and worked to setup www.UnitedProsperity.org United Prosperity helps provide loan guarantees that enable poor entrepreneurs to borrow from Microfinance Institutions to build their enterprises in developing countries.

Jacqueline Novogratz – Legatum Lecture at MIT

Speaking at the Legatum Center’s Lecture series at MIT, Jacqueline Novogratz described the innovative work of Acumen fund and how it helps build social solutions through its venture philanthropy.

ForSE 2008 – Speakers and Panels for conference

We have a terrific line up of speakers and panels for ForSE 2008 on October 10th at Boston University. See the list below. Do make sure you have registered as there are very few seats left.
To register go to: http://www.bu.edu/forse

Beyond Microfinance: Opportunities for Change

Microfinance, as demonstrated by Nobel Laureate Mohammad Yunus, provides disadvantaged entrepreneurs with small loans to run their businesses and eventually help lift them out of poverty. This has become a wide spread phenomenon all over the world encouraging millions of families out of poverty. What’s next? There is a huge business opportunity for both, investment in the MFIs and providing other business services to these micro-enterprises at the bottom of the pyramid.