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Tag: dean karlan

What Do I Think of Microfinance? Pt. 2

What Do I Think of Microfinance? Pt. 2

This is part two of a two-part post on microfinance.  Part one can be read here In the last post, I gave a rundown of the mechanics of microfinance and explained the criticism of high interest rates.  Another criticism came from development economists like Dean Karlan, founder of Innovations for Poverty Action and pioneer in the utilization of randomized controlled trials for determining the efficacy of development interventions, and Jonathan Morduch, who, in his seminal book, Portfolios of the Poor,…

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The Myths and Realities of Impact Investing

The Myths and Realities of Impact Investing

“[Africa] is a wonderful place to really make money. We have one billion people hungry for everything.” Mo Ibrahim A friend posted an article on his Facebook wall titled “Why Social Impact Investing is a Crock,” leaving much to the imagination.  Here is an excerpt: Over the last decade the world of do-gooding has seemingly been taken over by MBAs. Social entrepreneurship, a field encompassing both mission-driven businesses and entrepreneurial nonprofits, professes to bring the efficiency, rigor, and cold, hard…

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