Amid a damning report from one of the industry’s heavyweights, financial activity in the microfinance world is picking up, clearing the way for more opportunity – but at what cost?
David Roodman, one of the world’s foremost thinkers on microfinance, presented his newest book in a column last week that might appear to strike a spear through the heart of microfinance champions everywhere.
On current evidence, the best estimate of the average impact of microcredit on poverty is zero. So microcredit as a whole appears neither to live up to the hype nor justify the harshest attacks against it as modern usury. Microcredit does not appear to be the financial equivalent of cigarettes.
Well that’s good to hear! At least we’re not addicted to cancerous activity. Yet, the heart of what Roodman is getting at is something secretly feared by microfinance champions for years. Does it live up to the hype? Is this truly impactful? Read more »

As a new entrant into the social entrepreneurial world, I have encountered so many people using their skills for good, yet the data seems to be singing a different tune.
(*Insert innovative product here)
News on the ‘inhabit another planet’ front appears slow; meanwhile, the world’s population continues to increase at a
SKS Microfinance continues to dominate the news, and as usual none of it is positive. Last week analysts even began
Many entrepreneurs face the trade off on where to spend their time. Where is value added the most? Should I spend time at this meet and greet event, hoping to grow my network, or spend the time buried back in the office with the team perfecting our product and discussing strategy?
As many entrepreneurs are familiar with, one of the must-reads when starting a business is the book
“Find a job that you love and you’ll never work a day in your life”
Today marks the last Monday of January and the first monthly Microfinance Monday on Rising Pyramid. Each last Monday of the month, we’ll take a look at the growth and trends emerging from the microfinance industry. We plan to offer a holistic and balanced look into an industry poised for a critical year. Enjoy!
If you pick up a book about entrepreneurship, chances are one of the nuggets of advice you’ll read is to swallow your fear of failure, and just “try, try, try”. 









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