How to Find Microfinance Blogs

One obvious way to find other microfinance blogs is through Google. You can also do a blog specific search on Google.

One of my favorite’s is Grameen Foundation grameenfoundation.wordpress.com. They don’t have excessive posts, so it is always something intere3sting when they do.

Technorati is one of the best places to look at top ranked blogs: it shows blogs by category, keyword and gives you an idea of how many blogs link to another blog. Here is my Technorati Profile

So check out your friends’ blogs, and blogs from their email signature. You will find out more about your friends and hopefully discover a bgreat blog.

Do you have a great blog about microfinance? Then please add your comment to this post.

Microfinance Plus - Beyond the MicroBusiness

How can the reach of microfinance expand beyond tiny loans? What are the limits of microfinance?

Most of microfinance has focused on micro-businesses with one employee. The additional income can make a great income to the family - can pay for school fees and can improve shelter and food quality. The Grameen Foundation’s progress out of poverty indices have attempted to track this progress.

Larger businesses are also needed in the mix to create jobs and fight poverty. Two notable examples created by Nobel Peace Prize winner Muhammad Yunus are a yogurt company in Bangladesh (Grameen Danon) and an eye care hospital. See the details in the Grameen Foundation blog.

Laura Vanderkam’s article in The American noted that researchers studying poverty in the developing world found some benefit from microfinance, but a large benefit in the creation of middle class jobs.

Dan Herman’s blog noted that in addition to microfinance, social lending in larger amounts is needed for small to medium businesses. Developing countries need these businesses and the jobs the create for a stable middle class. Dan cites an editorial by James Surowiecki about the need for social lending of up to $10,000 to create these larger businesses that create more jobs.

I would argue that microfinance is trying to meet extreme poverty right now, while forming larger enterprises and the accompanying jobs may be a longer term process. With over 1 billion people living on less than $1 per day [the World Bank’s definition of extreme poverty], there is great suffering and multiple solutions are needed. Some people work best with micro-enterprises and many people may do best with more traditional jobs in larger businesses. However, the larger businesses may take more infrastructure and time to develop. An illiterate person can run a micro-business with common sense and determination, but a larger enterprise requires more specialized skills (again, good in the long run).

Dr. Yunus has called for a “social stock market” and other venues where socially oriented investors can make loans or investments for entrepreneurs in developing countries.Poverty is an incredibly challenging problem. Microfinance can be a big part of the solution… and social lending for larger scale businesses can also be a part of the solution.

Play the Cool Duels Application to Raise Awareness for Microfinance

Online, several friends and I “fight” for GrameenFoundation.org and other organizations using the Cool Duels Facebook application.

This game allows you to raise awareness for the environment by sending EcoGifts [animated icons of environmentally friendly objects] and also raise funds and awareness for your favorite cause such as Grameen Foundation.

[Disclaimer: I developed this application, so have a bias.]