Let's hope that for-profit companies can balance profit motives with social impact because government and nonprofits can't solve the world's problems by themselves.
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With almost biblical scorn, Yunus implicitly casts market fundamentalists out of the temple of microfinance.
Many renowned micro-credit proponents, most notably Yunus, often discard charitable donations. But isn't a charity dollar a zero interest loan with a very long maturity?
Nonprofit Microlending is based on trust. For profit lending is not. This is a huge difference, and it's possible the latter could turn into a repeat of the villager loan shark mode
The sensationalized newspaper accounts of suicides among over-indebted clients of some of India's biggest microfinance institutions threatens the future of microfinance in India.
The recent IPO of SKS Microfinance, India's largest microfinance institution (MFI), was a watershed event whose ripples are affecting the public perception of microfinance.
Many people committed to social justice have a built-in assumption that nonprofits are inherently more virtuous than for-profit companies. However, for-profit businesses have been the primary engines of wealth creation in the modern world.
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