Social Entrepreneurship
Social Entrepreneurship
Introduction Introduction
Today
Today ’ ’ s Society s Society
Hans Rosling on Global Population Hans Rosling on Global Population
UN Developmental Goals
UN Developmental Goals
Millennium Goals
Millennium Goals
Poverty Reduction
Poverty Reduction
Poverty Premium
Poverty Premium
Microfinance Microfinance
Thailand flower vendor example (1998)
Microfinance Innovations Microfinance Innovations
Group lending (solidarity loans)Group lending (solidarity loans)
– – Joint liability (group of 3-20 people): if Joint liability (group of 3-20 people): if one does not repay, all lose
one does not repay, all lose
access to future loansaccess to future loans
Social pressure (social assets as collateral)Social pressure (social assets as collateral) – – Risk sharingRisk sharing
– – Scale economies in administrative costsScale economies in administrative costs – – Peer selection: Good clients will match (if Peer selection: Good clients will match (if
they have better information about each they have better information about each
other) and reduce monitoring costs for the other) and reduce monitoring costs for the
bank.
bank.
Two Competing Examples Two Competing Examples
Kiva.org Kiva.org
Prosper Prosper
Examples Examples