Thinking About Microfinance
I'm a little embarrassed that until this past weekend, I hadn't read Muhammad Yunus' Banker to the Poor . It was one of those glaring gaps into my personal and professional development that, looking back, is completely inexplicable. I probably shouldn't even be admitting this in public but I suppose it's never too late to get with the program. When I have a few moments to myself these days, I often find myself thinking about current aid structures and imagining how things might be different with the introduction of microfinance. Just this morning on my run, I was listening to a This American Life collaboration with Planet Money about NGOs in Haiti. They tell the story of a local mango farmer who has the land and the water for one hundred mango trees but needs a small canal to expand her business and the mango exporter who wants to distribute plastic crates to mango farmers because better packing methods would double his and the farmers' income. The canal-b...