The blogosphere is a-buzz about Kiva – the world’s first peer-to-peer, distributed microloan website. The site allows you to lend a small amount of money, say $25, to needy microenterprises in developing countries (for now just Uganda). You receive repayment at the end of the loan period (normally 6-12 months) without interest. If they default on the loan, your loan becomes a donation – though none of the businesses have defaulted yet.
This Wednesday Brookings will be having an event for David Vogel’s latest book, The Market for Virtue: The Potential and Limits of Corporate Social Responsibility. Vogel claims that while CSR has resulted in numerous achievements, it should be seen as a compliment to more effective public polices - not a substitute.
Last chance! We have received numerous requests to extend the deadline of our current online discussion on ‘how to improve the performance of state enterprises' – so the discussion will now be closing on Nov. 2nd. 70 people have already sounded in.
Russell Hay, a British businessman, is no stranger to asininity. While living in Namibia, he has twice driven into a donkey. On a lonely northern stretch, he swerved to avoid one, only to see it flattened by a lorry behind him.
Earlier this year, he and a friend set up Donkey Welfare of Namibia. With the Namibian government's blessing, the British outfit is planning to make donkeys glow in the dark by attaching reflective tags to their ears.
Government is moving from resource provider to catalyst and enabler. Business is globalizing and is a growing force in influencing societal well-being. Social innovations once stimulated by the public sector are increasingly seeded by business and expanded through the market. For foundations, working with companies and through markets is a critical, yet underutilized tool to unleash new resources that build assets and wealth in poor communities.
The latest version of the always interesting Latinobarómetro poll on Latin American is out. Some findings include:
Tata Group Chairman Ratan Tata is interviewed in the latest edition of McKinsey Quarterly.
On the reluctance of firms to invest in India he comments: