Markets for consumer financial services are growing rapidly in low-and middle-income
countries and are being transformed by digital technologies and platforms. With growth and …

In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …

Growing interest in the role of business entities in addressing social problems highlights the
potential of social enterprises—organizations that cover all or most of their costs through …

Fifteen years ago, the Norwegian Nobel Committee awarded the Nobel Peace Prize to
Muhammad Yunus and the Grameen Bank for their work in providing microcredit. The …

Microfinance institutions (MFIs) are hybrid organizations with the dual mission of financial
sustainability and social purpose. However, there is little empirical evidence on how the two …

One of the most important puzzles in microfinance is the low rate of borrower graduation to
larger, more flexible loans. Utilizing observational and experimental data from a large …

The study of effective targeting mechanisms for identifying households or individuals eligible
for poverty reduction, development, and social protection programs is a pressing issue for …

This chapter analyses field experiments in developing countries, including randomized
controlled trials (RCT). It argues that these experiments raise many issues, with these being …

Revenue drift, whereby insufficient attention is given to economic, relative to social, goals,
threatens social enterprise performance and survival. We argue that financial incentives can …

The purpose of this study is to explore the impact of local laws and policies on poverty
alleviation in provinces and municipalities from the perspective of local governance and the …