Microfinance Alone Can't Cure Poverty

Image by uncultured via FlickrMicrofinance is no magic bullet. Microfinance alone can't cure poverty.

Good governance, I think, is the first precondition. Yunus saw that. That is why he tried to launch a political party in Bangladesh a few years back. But looks like the politicians in Bangladesh have managed to unlaunch him instead.

Focus, Focus, Focus

Image by Austin Yoder via FlickrAt this blog I want to switch to talking primarily about microfinance and the technologies and business practices primarily related to microfinance. The idea is to keep a steep learning curve. The idea is to communicate. The idea is to enter into conversations.

I have done a lot of reading and commenting on broad developments in tech, and I want to keep doing that, but so far that has been the primary thing by a wide margin. I want to narrow that margin. I want to start talking primarily about microfinance.

The three broad conceptual jumps I have made - moving from a non profit model to a for profit model, moving from a low tech model to a very high tech model, and doing the last mile under the same brand name everywhere through the franchise concept - have to be visited again and again.