I recently watched Muhammad Yunus full of joy, sharing his story and advocating for his ideas during his Nobel Lecture of December 10, 2006, at the Oslo City Hall, Norway. I was deeply inspired and connected to his values and believe. I would like to contribute my 2 cents in promoting his lecture in this post....
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Why business models are critical to innovation in emerging economies – From social entrepreneurship to building an idea or a business – Part 1
Emerging economies represent new challenges for ideas and businesses, which is why new social entrepreneurship opportunities are now the Petri-dish for what is emerging. Some examples exist of great......
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Microcredit and Microfinance,
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Market Efficiency
In my work on Indigo and now m-Via (more on that in another post), I often run into the received wisdom that Hispanics don't trust banks. It has become the catch-all reason to explain product failures in financial services. Why did Bank of America withdraw their SafeSend product? Well, you know, Hispanics just don't trust banks. The other assumption is that, 'well, Hispanic immigrants aren't very financially literate.' If they were smarter, it would be obvious to use banks. And while there is an element of truth to both assumptions, it doesn't tell the whole story and it may cause you to give up too soon. After all, it's much easier to blame the customer than to acknowledge that your product design or market strategy was in......
As microfinance takes shape, the following are the principles that have been defined by CGAP and endorsed by the G8 according to the new book - Access for All: Building Inclusive Financial Systems (a world bank publication -......