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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. In 2014, six CDFIs located in regions of rural America beset by persistent poverty formed a coalition to remedy longstanding underinvestment. This article introduces our series Eradicating Rural Poverty: The Power of Cooperation.

Poverty 130
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How ‘Productizing’ Innovative Finance Hurts Development

Stanford Social Innovation Review

By Jonathan Ng & Rob Mills In recent years, the concept of innovative finance has become increasingly popular in the international development community, especially as a way to mobilize more funding to achieve the Sustainable Development Goals. Yet there is a limit to applying commercial finance thinking to the development sector.

Finance 110
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Impact Investing for the Missing Middle in Agri-Finance

Stanford Social Innovation Review

It directly limits future growth and also makes it harder for the cooperative to borrow sufficiently to finance its day-to-day activities or operating expenses. Is external financing available? In other words, 70 percent of the global needs for rural finance are currently unmet. But how and where? Affordable?

Finance 110
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Learning That Changes Lives: Local Leader Shares Journey to Nonprofit Success

NonProfit Leadership Center

After studying finance in college and then receiving her law degree from Florida State University, Erin practiced law for 13 years — first as in-house counsel for a multi-family housing company, then in private practice at a law firm, and finally as a prosecutor at the state attorney’s office.

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Upgrading the Plumbing of the International Aid System

Stanford Social Innovation Review

Yet in that year, the World Bank’s International Development Assistance alone had pledged about a third of that amount to governments affected by fragility and conflict. Paradoxically, some of these governments contributed to the violence against their people. Those controlling the taps need to readjust the plumbing.

Poverty 111
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Making Policy Work for Rural Communities: The Value of Community Voice

NonProfit Quarterly

This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. Public funding programs often include conditions that exceed the capabilities of high-poverty areas, such as requiring matching funds that these areas do not have. A different approach that centers community voice is sorely needed.

Values 128
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Small Firms Are Still a Big Missed Opportunity in Development Philanthropy

Stanford Social Innovation Review

The problem is not lack of potential impact; SMEs represent nine out of 10 firms, the biggest employers worldwide, and without helping these firms grow, we cannot create jobs, lift people from poverty, empower women, or innovate solutions for the climate crisis. There are 3.4 There are 3.4 Not philanthropy’s problem.