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Author : Hugh Sinclair
Publisher : Berrett-Koehler Publishers
Page : 290 pages
File Size : 44,9 Mb
Release : 2012-07-09
Category : Business & Economics
ISBN : 9781609945183
Microfinance insider Hugh Sinclair weaves a shocking tale of an industry focused on maximizing profits and plagued by predatory lending practices, scandals, cover-ups and corruption.
Author : Hugh Sinclair
Publisher : Berrett-Koehler Publishers
Page : 373 pages
File Size : 55,9 Mb
Release : 2012-07-09
Category : Biography & Autobiography
ISBN : 9781609945206
This memoir by a microfinance insider “is essential reading for anyone interested in development economics, a disturbing and yet ultimately hopeful exposé” (John Perkins, New York Times bestselling author of Confessions of an Economic Hitman). This is the account of a microfinance true believer whose decade in the industry turned him into a heretic. Working with several microfinance institutions around the world, Hugh Sinclair realized that the $70 billion industry wasn’t doing much to help the people it claimed to serve. In fact, exorbitant interest rates led borrowers into never-ending debt spirals, and aggressive collection practices resulted in cases of forced prostitution, child labor, suicide, and nationwide revolts against the microfinance community. Sinclair weaves a shocking tale of a system increasingly focused on maximizing profits—particularly once large banks got involved. He details his discovery of several scandals, one of the most disturbing involving a large African microfinance institution of questionable legality that charged interest rates in excess of one hundred percent per year and whose investors and supporters included some of the most celebrated leaders of the microfinance sector. Sinclair’s objections were first met with silence, then threats, attempted bribery, and a court case, and eventually led him to become a principal whistleblower in a sector that had lost its soul. Microfinance can work—Sinclair describes moving experiences with several ethical and effective organizations and explains what made them different. But without the fundamental reforms that Sinclair recommends here, microfinance will remain an “investment opportunity” that will leave the poor with hollow promises and empty pockets.
Author : Hugh Sinclair
Publisher : ReadHowYouWant
Page : 514 pages
File Size : 55,6 Mb
Release : 2012-07
Category : Business & Economics
ISBN : 1459642155
Offering inspiring success stories, the microfinance industry depends on the faith of investors that small loans can transform the lives of the poor. But as Hugh Sinclair points out, very little solid evidence exists that microloans make a dent in long - term poverty. Evidence does exist for negligence, corruption, and methods that border on extortion. Part expose, part memoir, and part financial detective story, this is the account of a one - time true believer whose decade in the industry turned him into a heretic.Sinclair worked with several microfinance institutions and funds as he traveled from Mexico to Mongolia, with Nigeria, Holland, and Mozambique in between. He couldn't help but notice that even with a booming 70 billion dollar industry on their side, the poor didn't seem any better off in practice. Exorbitant interest rates led borrowers into never - ending debt spirals, and aggressive collection practices resulted in cases of forced prostitution, child labor, suicide, and nationwide revolts against the microfinance community.With characteristic intelligence and biting wit, Sinclair weaves a shocking tale of a system increasingly focused on maximizing profits. The situation worsened when large banks, attracted by the high repayment rates of overpriced loans, hijacked the sector and created a microfinance bubble. Sinclair details his discovery of several scandals, one of the most disturbing involving a large African microfinance institution of questionable legality that charged interest rates in excess of 100 percent per year, and whose investors and supporters included some of the most celebrated leaders of the microfinance sector. Sinclair's objections were first met with silence, then threats, attempted bribery, and a court case, and eventually led him to become a principle whistleblower in a sector that had lost its soul.Microfinance can work - Sinclair describes moving experiences with several ethical and effective organizations and analyzes what made them different. But without the fundamental reforms that Sinclair recommends here, microfinance will remain an ''investment opportunity'' that will leave the poor with hollow promises and empty pockets.
Author : Hugh Sinclair
Publisher : Unknown
Page : 626 pages
File Size : 41,8 Mb
Release : 2012-07-09
Category : Business & Economics
ISBN : 0369316215
A microfinance Industry insider offers a shocking account of corruption and betrayal of the poor by an industry supposedly dedicated to doing good. Hugh SInclair is one of the rare field workers who has seen microloans at ground level; he concludes that predatory lending and profit pressure are causing most microloans to do far more harm than good. This is the sad tale of a good idea gone horribly bad.
Author : Peter A. Fanconi,Patrick Scheurle
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 48,5 Mb
Release : 2017-05-01
Category : Business & Economics
ISBN : 9781119338208
Make your money make a difference—and enjoy attractive returns Small Money, Big Impact explores and explains the globally growing importance of impact investing. Today, the investor's perspective has become as important as the actual social impact. Based on their experience with over 25 million micro borrowers, the authors delve into the mechanics, considerations, data and strategies that make microloans and impact investing an attractive asset class. From the World Bank to the individual investor, impact investing is attracting more and more attention. Impact investing is a global megatrend and is reshaping the way people invest as pension funds, insurance companies, foundations, family offices and private investors jump on board. This book explains for the first time how it works, why it works and what you should know if you're ready to help change the world. Impact investing has proven over the last 20 years as the first-line offense against crushing poverty. Over two billion people still lack access to basic financial services, which are essential for improving their livelihood. Investors have experienced not only social and environmental impact, but have received attractive, stable and uncorrelated returns for over 15 years. This guide provides the latest insights and methodologies that help you reap the rewards of investing in humanity. Explore the global impact investing phenomenon Learn how microloans work, and how they make a difference Discover why investors are increasingly leaning into impact investing Consider the factors that inform impact investing decisions Part social movement and part financial strategy, impact investing offers the unique opportunity for investors to power tremendous change with a small amount of money— expanding their portfolios as they expand their own global impact. Microfinance allows investors at any level to step in where banks refuse to tread, offering opportunity to those who need it most. Small Money, Big Impact provides the expert guidance you need to optimize the impact on your portfolio and the world.
Author : Manfred Zeller,Richard L. Meyer
Publisher : Intl Food Policy Res Inst
Page : 399 pages
File Size : 46,6 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 9780801872266
Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for and access to financial services by the poor, emphasizing that demand-oriented, pro-poor financial services are crucial in reaching the poor. The second is concerned with two of the criteria used to evaluate MFIsoutreach and financial sustainability. The third features innovative econometric studies seeking to evaluate the impact of MFIs at the household level. The fourth looks at the role of both public- and private-sector institutions in developing sustainable financial systems. And the fifth summarizes implications for policy and research. Given the lack of sound, empirical literature on microfinance, this volume is sure to advance knowledge and research methodology in the field.
Author : Joe Dolce
Publisher : HarperCollins
Page : 183 pages
File Size : 55,8 Mb
Release : 2016-10-04
Category : Social Science
ISBN : 9780062499943
The former editor-in-chief of Details and Star adventures into the fascinating "brave new world" of cannabis, tracing its history and possible future as he investigates the social, medical, legal, and cultural ramifications of this surprisingly versatile plant. Pot. Weed. Grass. Mary Jane. We all think we know what cannabis is and what we use it for. But do we? Our collective understanding of this surprising plant has been muddled by politics and morality; what we think we know isn’t the real story. A war on cannabis has been waged in the United States since the early years of the twentieth century, yet in the past decade, society has undergone a massive shift in perspective that has allowed us to reconsider our beliefs. In Brave New Weed, Joe Dolce travels the globe to "tear down the cannabis closet" and de-mystify this new frontier, seeking answers to the questions we didn’t know we should ask. Dolce heads to a host of places, including Amsterdam, Israel, California, and Colorado, where he skillfully unfolds the odd, shocking, and wildly funny history of this complex plant. From the outlandish stories of murder trials where defendants claimed "insanity due to marijuana consumption" to the groundbreaking success stories about the plant’s impressive medicinal benefits, Dolce paints a fresh and much-needed portrait of cannabis, our changing attitudes toward it, and the brave new direction science and cultural acceptance are leading us. Enlightening, entertaining, and thought-provoking, Brave New Weed is a compelling read that will surprise and educate proponents on both sides of the cannabis debate.
Author : R. Mersland,Ø. Strøm
Publisher : Springer
Page : 300 pages
File Size : 40,5 Mb
Release : 2014-12-10
Category : Business & Economics
ISBN : 9781137399663
Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.
Author : Bob Harris
Publisher : Bloomsbury Publishing USA
Page : 304 pages
File Size : 42,8 Mb
Release : 2013-03-05
Category : Biography & Autobiography
ISBN : 9780802778345
Hired by ForbesTraveler.com to review some of the most luxurious accommodations on Earth, and then inspired by a chance encounter in Dubai with the impoverished workers whose backbreaking jobs create such opulence, Bob Harris had an epiphany: He would turn his own good fortune into an effort to make lives like theirs better. Bob found his way to Kiva.org, the leading portal through which individuals make microloans all over the world: for as little as $25-50, businesses are financed and people are uplifted. Astonishingly, the repayment rate was nearly 99%, so he re-loaned the money to others over and over again. ?After making hundreds of microloans online, Bob wanted to see the results first-hand, and in The International Bank of Bob he travels from Peru and Bosnia to Rwanda and Cambodia, introducing us to some of the most inspiring and enterprising people we've ever met, while illuminating day-to-day life-political and emotional-in much of the world that Americans never see. Told with humor and compassion, The International Bank of Bob brings the world to our doorstep, and makes clear that each of us can, actually, make it better.
Author : Hugh Sinclair,Warren Houlbrooke
Publisher : Bradt Travel Guides
Page : 308 pages
File Size : 46,8 Mb
Release : 2015-12-18
Category : Travel
ISBN : 9781784770037
Chile: Carretera Austral Travel Guide - Travel advice and expert holiday tips featuring Ruta 7 and Coyhaique highlights, natural history and wildlife. This guide also covers suggested itineraries and tour operators, driving and hiking, Caleta Tortel, Villa O'Higgins, Puerto Montt, national parks like Queulat, Hornopirén and Laguna San Rafael.
Author : Leire San-Jose,José Luis Retolaza,Luc van Liedekerke
Publisher : Unknown
Page : 600 pages
File Size : 48,6 Mb
Release : 2019
Category : Accounting
ISBN : 303000001X
Author : Michael Camp
Publisher : Engage Faith
Page : 347 pages
File Size : 50,7 Mb
Release : 2012-06
Category : Biography & Autobiography
ISBN : 1936672278
What happens when a devout religious conservative questions his own evangelical traditions using the Socratic principle, and follows where the evidence leads? ... This brutally honest personal pilgrimage challenges and encourages readers to rethink all things sacred and embrace a faith full of grace and reason.
Author : Milford Bateman
Publisher : Zed Books Ltd.
Page : 261 pages
File Size : 43,8 Mb
Release : 2010-06-10
Category : Business & Economics
ISBN : 9781848138957
Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.
Author : Hugh Brewster
Publisher : Crown
Page : 352 pages
File Size : 51,9 Mb
Release : 2012-03-27
Category : History
ISBN : 9780307984715
Gilded Lives, Fatal Voyage takes us behind the paneled doors of the Titanic’s elegant private suites to present compelling, memorable portraits of her most notable passengers. The Titanic has often been called "An exquisite microcosm of the Edwardian era,” but until now, her story has not been presented as such. In Gilded Lives, Fatal Voyage, historian Hugh Brewster seamlessly interweaves personal narratives of the lost liner’s most fascinating people with a haunting account of the fateful maiden crossing. Employing scrupulous research and featuring 100 rarely seen photographs, he accurately depicts the ship’s brief life and tragic denouement and presents compelling, memorable portraits of her most notable passengers: millionaires John Jacob Astor and Benjamin Guggenheim; President Taft's closest aide, Major Archibald Butt; writer Helen Churchill Candee; the artist Frank Millet; movie actress Dorothy Gibson; the celebrated couturiere Lady Duff Gordon; aristocrat Noelle, the Countess of Rothes; and a host of other travelers. Through them, we gain insight into the arts, politics, culture, and sexual mores of a world both distant and near to our own. And with them, we gather on the Titanic’s sloping deck on that cold, starlit night and observe their all-too-human reactions as the disaster unfolds. More than ever, we ask ourselves, “What would we have done?”
Author : David C. Korten
Publisher : Berrett-Koehler Publishers
Page : 332 pages
File Size : 52,5 Mb
Release : 1999-02
Category : Business & Economics
ISBN : 9781605093963
This work investigates the growing gap between the promises of new global capitalism and the reality of insecurity, inequality, social breakdown, spiritual emptiness and environmental destruction. It looks at what went wrong and offers solutions based on examples from new biology.