Posts Tagged ‘private’
Posted on September 20, 2008 - by James
Center to Foster Financial Inclusion of World’s Poor through Private-Sector Engagement…
WASHINGTON, Sept 18, 2008 /PRNewswire-USNewswire via COMTEX/ — Can commercial microfinance institutions organize themselves to protect the interests of their poor clients? The Center for Financial Inclusion at ACCION International is launching its activities today with a focus on answering that provocative question, among others. The Center will connect private-sector, non-profit and academic expertise and resources to accelerate the reach and increase the quality of microfinance worldwide.
The Center’s goal is to advance the commercial model of microfinance while upholding the interests and needs of poor clients worldwide. Its Advisory Council members are drawn from a broad range of public- and private-sector institutions and academia, and include: Alex Counts, president and CEO of Grameen Foundation; Christina Leijonhufvud, managing director of Social Sector Finance for JPMorgan (JPM); Marguerite Robinson of Harvard University; Robert O’Brien, head of credit for Risk Management at Credit Suisse (CS); Kate McKee, senior advisor at the Consultative Group to Assist the Poor (CGAP); Tony Goland, senior partner at McKinsey & Co., and many others… [click here to read the rest of this article...]
Posted on August 21, 2008 - by James
Stanford Social Innovation Review: Re-imagining MiFi - Limits of private benefit?…
Reimagining Microfinance
Critics of microfinance institutions (MFIs) ask them to choose between helping the poor or making money for investors, but this is a false choice. MFIs can have their impact and profit, too, says the author, the CEO of the Grameen Foundation. He sketches a new vision of microfinance as a platform, not a product; one that relies on high volumes, not high margins, and that uses limits on private benefit, holistic performance standards, and third-party certification to help MFIs meet both their…
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