Transform Philanthropy
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The University of Pennsylvania’s Wharton business school is working with a New York network of microfinance providers to close a management gap in the industry. Wharton’s Aresty Institute for Executive Education and Women’s World Banking this month held the first advanced leadership workshop designed for the microfinance industry. The program aims to respond to a dearth of qualified managers and prevent “mission drift…
… $45 million since October 2008, when it awarded $19.6 million to enable the organization to open fifty-one new branches serving two million Ugandans. Building on a shared commitment to learning and strengthening the field of microfinance, the partnership will enable BRAC to expand the capacity of its Uganda research and evaluation unit to undertake longitudinal analyses of the effectiveness of the organization’s integrated microfinance and…
For the last 3 1/2 years, Kiva.org, a San Francisco nonprofit, has worked with 97 microfinance partners to connect lenders in 185 countries with entrepreneurs in 45 countries. Now, the site is making a push within the U.S. to help low-income entrepreneurs get funding for their businesses. Full-text blog post by Nick Leiber is available via Business Week/The New Entrepreneur, 6.10.09. …
…way Mr. Cordes and his wife, Marty, approach their philanthropy. While they still make traditional grants, roughly one quarter of their family foundation’s assets are now invested in funds that advance social missions such as microfinance, fair trade, and education in Africa, which they measure just like any other investment in the foundation’s portfolio. Full article text is available via The Chronicle of Philanthropy, 4/17/2011. …
