Check out how Ikromjon stretched his Kiva loan which was meant to expand his livestock to also invest in his cotton business, car repair for his transportation business, build a new room on his house, and fund part of his son’s wedding!
http://fellowsblog.kiva.org/
Cool blog,looking to communicate
Thanks Alyson! Sorry for the late response, we didn’t notice you left a comment. Send me an email at Jeremy@Yazamo.com if you would like to speak! – Jeremy
, I think we hold non-profits to way to high of a standard (in ergneal) by expecting them to explain all of the ins and outs of how they work before we give. Back to the Nike example — Nike’s advertising “lies” all the time. No matter how many pairs of their shoes I’ve bought, I still haven’t become Michael Jordan… Am I wrong, or is this the equivalent of MFI’s using the best examples of their service as the face for the entire organization?In my mind, the solution is to create less fuss about transparency and ask more questions about outcomes. To be honest, I could give a crap if a child’s thank you note is faked (even though I think it’s unethical) if the organization is making huge impacts in the lives of children (and can prove it). Then again, if an organization is making huge impacts in the lives of children, it should just take the total cost of the organization and divide that by the number of children it serves and claim that as the cost needed per child — and sell based on outcomes.
Hey Arjun, interesting point. We spoke with Jessica Jackley earlier this year and she addressed some of the areas MFI have had. I believe that MFI aren’t the silver bullet to solve poverty but can be very effective in some situations. Thanks for commenting and sorry for the delayed response. – Jeremy