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Symposium 2009

Solution for The New Wave of Social Entrepreneurship

The Challenge

In the aftermath of the collapse of the western financial system, many observers agree that neither unfettered financial markets nor invasive regulation are able to ensure that financial and busines ...

In the aftermath of the collapse of the western financial system, many observers agree that neither unfettered financial markets nor invasive regulation are able to ensure that financial and business leaders will necessarily act in the public interest.

Expand debt advisory services, along the lines of those available in developed countries, for microfinance customers and investors to developing countries.

The microfinance sector has been one of the most rapidly growing segments of the social enterprise arena. Microfinance assets have increased from tens of dollars in the 1970s to in excess of $100 billion today. Furthermore, microfinance as an asset class has entered the mainstream investment sector. Nevertheless, the current crisis will severely test the models of all the large microfinance institutions.In particular, there is concern about the ability of their customers to weather the crisis.

More services to investors are called for to prevent them from accumulating excessive debts and potentially facing bankruptcy. Debt advisory services, along the lines of some of those available in developed countries such as the UK, deployed throughout the world would reduce the likelihood of bad debts and delinquent loans of microfinance customers.

    Implemen- tations

    Implementation
    Symposium 2009

    The Smart Campaign - The Microfinance Industry’s Client Protection Initiative

    Polity, Academia, Business, Civil Society

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    Symposium 2009

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    Provide grants for promoting research on the factors that accelerate the development of social entrepreneurship.

    Provide grants for promoting research on the factors that accelerate the development of social entrepreneurship.

    Polity, Academia, Business, Civil Society