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Kiva: Microfinancing and the Gift of Investment
Interested in empowering the poor? Look no further than Kiva, a San Francisco based nonprofit that has provided over $542,899,850 in small loans to poor entrepreneurs around the world. Founded in...
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Is Eating Healthy Too Expensive?
Many experts agree that buying healthy food has a barrier: the price. By eating nutritious foods, the world’s current obesity epidemic could be reduced drastically, but unfortunately, there may be a...
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Infrastructure in Latin America
Good infrastructure plays a critical role in the development process. When it is well developed, it offers a method to improve economic growth and financial inclusion, thereby reducing poverty....
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Financial Reform Law in Bolivia
Last August, Bolivian President Evo Morales signed a bill that would reform the country’s financial sector. The reform bill has more than 550 articles and is expected to force the private sector banks...
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Transformation Through Loans
Ever heard of Whole Foods, Ben & Jerry’s or Starbucks? These fortune 500 companies all started out of generous individals’ belief in the store founders. This belief manifested in the form of...
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The High Cost of the Olympics: Cities Pulling Their Bids
As the winter 2022 Olympics draw near, only four contending cities remain in a bid to host the games: Oslo, Norway; Lvov, Ukraine; Almaty, Kazakhstan; and Beijing, China. Krakow, Poland, Stockholm,...
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Cordes Foundation 101
In 2006, Ron Cordes and his family started to make some changes. First, Cordes sold his successful business, AssetMark Investment Services, to Genworth Financial. Then, after a short three-year stint...
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Kiva Moves Past Traditional Microfinance
A spinach farmer in Cambodia, a hot dog stand worker in Nicaragua, a fish seller in Uganda, a carpenter in Gaza and a bee keeper in Ghana were microfinance organization Kiva’s initial borrowers in...
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Why the U.S. Lags in Educational Rankings
Although a recent study indicates that the United States spends more on student’s education than other developed nations, a report by Pearson only ranks the U.S. 14th in the world for educational...
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USAID: Initiating Smart Investments in Kenya
In January of this year, USAID announced a new poverty reduction initiative in Kenya. In partnership with Kenya Commercial Bank (KCB) and General Electric (GE), USAID promotes investments in Kenya...
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The Union in a Modern Economy
Since the middle of the 19th century, when the industrial revolution first made significant impacts on social and economic life in the United States, labor unions have been respected and efficacious...
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The Ruble in the Rubble
Economies of the world, listen up: the Russian economy is on the verge of a collapse with the fall of the ruble, which fell to a record low of 80 to the dollar on Tuesday, December 15, 2014. Over a...
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Mobile Financing
It can get hard to save for the future, plan and invest in a business and survive economic reversals if one lacks access to finances or bank accounts. This is a reality for many individuals who live...
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What is Microfinance?
In 2006, MIT Professor Muhammad Yunus was awarded the Nobel Prize for his work in the creation of the Grameen Bank. The Bank was created primarily to microfinance, or provide small loans, to the...
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What is the 151 Account?
Within the U.S. Federal budget there are a series of functions, or accounts. The International Affairs Budget is also referred to as Function 150, or the “150 account.” Foreign aid, which falls under...
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Closing Tax Loopholes to Fund Development
“Tax abuse by multinational corporations increases the tax burden on other taxpayers, violates the corporations’ civic obligations, robs developed and developing countries of critical resources to...
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Muhammed Yunus Turns 75
Try to buy a house without a mortgage loan or start a business without a business loan. For most of the world’s population, even in developed countries, these tasked are difficult. In the developing...
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Financial Inclusion Improves Globally
What is financial inclusion? Financial inclusion is when all members of society have access to financial services at affordable prices. What does financial inclusion have to do with poverty? Some...
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$400 Billion and a Change of Plans for Financing the SDGs
On July 10th, a consortium of development banks—the Asian Development Bank, the European Bank for Reconstruction and Development, the African Development Bank, European Investment Bank, the...
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Greenfield Microfinance Institutions in Sub-Saharan Africa
The attention of foreign entities intent on aiding the development of Sub-Saharan Africa (SSA) is often focused on providing basic services such as water, electricity and healthcare. And while rightly...
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