You know when somebody tells you it can't be done......
In late July 2006, several of my partners and I went to visit with one of the largest microfinance non-profit organizations in the world. We went with open minds, with some big ideas, but mostly to learn more, to share our thoughts and hopefully, to develop a partnership that would help everybody.
What we found was eye opening. We found a group of nonprofit executives who were not helpful, who were not open, who we could not trust, who were negative, and with whom we could never do business.
Shocking to me, but looking back, not surprising.
In starting GlobeFunder, we've found the non-profit models in microfinance to be troublesome in many respects....it's less about growing your business and innovation and change (and using tools to help more people) and more about protection, carving out territory, turf wars and distrust. It makes competition in for profit financial services, which has been my whole career, a piece of cake.
More to comment on this subject in this blog until I don't see it anymore....could take years!!!
Unitus, Accion, GFUSA are all non-profits in the USA. Do you think they are doing a bad job simply because of their tax status?
Posted by: asdas | April 02, 2007 at 01:29 AM