Over the years, I've been really impressed with the stuff I've heard about microfinancng charities like KIVA. The idea of helping people in developing countries launch and support small businesses, changing their lives and the lives of their children, makes a lot of sense. And the personal stories that go with microfinancing are pretty appealing.
I'm starting to re-think my opinions on microfinancing, however, after reading some of the research done by GiveWell.org, an organization that casts an evidence-based eye on what different charities do and whether they actually get the results they claim.
It's not that microfinancing is bad, per se, GiveWell says. It's just that the system doesn't measure up to the hype. And if you've got a limited amount of money to spend on helping other people, there might be more effective ways to do it that produce more bang for your buck.
GiveWell has written a ton on this, but I'd recommend starting with a blog post of theirs from a couple of years ago called 6 Myths About Microfinance Charities that Donors Can Live Without. This piece provides a succinct breakdown of what questions you should be asking about microfinance charities, and provides lots and lots of links for deeper digging. The myth that surprised me the most:
Myth #6: microfinance works because of (a) the innovative “group lending” method; (b) targeting of women, who use loans more productively than men; (c) targeting of the poorest of the poor, who benefit most from loans.
Reality: all three of these claims are often repeated but (as far as we can tell) never backed up. The strongest available evidence is limited, but undermines all three claims.
Two villages either side of the Apurimac River in Peru must rebuild the rope bridge linking their communities every year. You wonder: why don’t they build a modern one that lasts? Then you watch the video and you know why.
Wildly-popular card game Android: Netrunner has an exceptionally diverse and inviting lore and universe, but its community of players still has to push back against the social stereotypes of the traditional card game scene. Here’s how they’re doing it.
Facebook gets a bad rap, but where I live, it has brought neighbors together, and it started because of the things I didn’t want to share.
One of the best ways to progress a career in project management is through earning recognized certifications. These certifications carry significant clout and don’t require expensive tuition or student loans. This Ultimate Project Management Certification Bundle is a great example of an affordable way to get ahead. It includes training for 9 certifications including PMP, […]
There’s nothing quite like the rush of playing against a real human opponent. But from a developer standpoint, creating fun multiplayer experiences is incredibly complex. Fortunately, the Unity3D game engine has made all aspects of game creation, including multiplayer functionality, as accessible as ever.This Unity Course Bundle introduces all of the necessary elements of creating […]
The 2016 World Series game 7 will undoubtedly go down in history as one of the greatest baseball games of all time. With endless suspense, a nefariously-timed rain delay, and extra innings, it reminded over 40 million viewers why they love America’s pastime – and why all bets were truly off in 2016. Savor the […]