Currently viewing the tag: "microfinance"

This post originally appeared on the Wokai blog on January 27, 2009.

What does it mean to be green?  How do energy sources relate to poverty alleviation in developing countries?  Who should be making decisions about rural energy use?

I’ve been thinking more about these questions lately.  We recently posted some new borrowers on Wokai, whose businesses focus on selling cow dung to burn as fuel.  Here’s one such profile:

Aodunsiqige

Several things stand out to me in Aodunsiqige’s profile: her daughter’s poetic name and musical ambitions, her family’s transition from selling millet to lending equipment to selling cow dung, her awareness of options and prices for winter heating materials…

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This post originally appeared on the Wokai blog on December 29, 2008.

Yes, there is at least one connection between these three words.  Her name is Nancy Barry.

Nancy_BarryA trailblazer in the field of Enterprise Solutions to Poverty, her current work focuses on creating pragmatic ways for large corporations in China, India, Mexico, and Colombia, to create opportunities for the working poor in these countries.  For many years she was the President of Women’s World Banking, an international microfinance network.

I just came across this article from an Indian finance website, describing her role as a close advisor to Barack Obama.

Named one of the most powerful women in the world, Nancy M. Barry, 59, the Founder and President of Enterprise Solutions to Poverty and former President of the New York-based Women’s World Banking, is no stranger to the limelight. Known to be a close confidant and friend of the Obama family, she is now expected to play a key role in shaping the new US regime’s relationship with India and Indians. President-elect Barack Obama’s mother, Ann Dunham, worked with her as the first policy change manager of Women’s World Banking, from 1992 to 1995.
Says Barry: I see in Obama many of the qualities of his mother: the capacity to get to the heart of the matter, the ability to get different factions to work for common cause, and a passion to work together in building economies that work for the majority.

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This post originally appeared on the Wokai blog on January 7, 2009.  I think the article I’ve referenced is the best summary of the challenges facing China’s microfinance sector, and I highly recommend it to anyone interested in the field.

I just came across this excellent article from China International Business that gives a concise overview of the current state of microfinance in China.  Jonathan Haagen profiles PlaNet Finance’s work with the Ningxia Yanchi County Association for the Advancement of Women, which Casey and Courtney have visited, and quotes Wokai alumna Kira Dubas.

The article addresses the main tensions in the field of microfinance: individual success stories vs. macro impact, poverty alleviation vs. commercial viability, large loan sizes vs. vast local outreach, etc.

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