Rethinking Microfinance: Ethan Wagner at TEDxColumbiaCollege
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- čas přidán 16. 05. 2013
- Ethan Wagner founded 50/50 with the goal of finding a better, fairer, and more effective way of using microfinance to help people improve their lives. In December 2012, he will complete his graduate degree at Columbia University's School of International and Public Affairs, where he serves as co-president of the Microfinance Working Group. Previously, he studied business at University of Virginia and attended the American University of Beirut, and has also worked as managing director of a media and communications company in Africa.
This talk was given at TEDxColumbiaCollege in November of 2012 at Columbia University in New York City.
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Well done I wish you all the best
Voice and attitude is good
And that's why we encourage Islamic microfinance. Providing a Murabaha(Loan) on a flat/simple rate of interest of 8% per annum. The microfinance institution makes a profit while our clients are happy. I am from Somalia and work for a small microfinance as its COO and we are making a real difference in a country that's recovering from a brutal 30 year civil war
There is something fundamentally wrong for not charging interest. I wish to see how sustainable 50/50 becomes. The idea is not worsen the plight of poor folks, but help them get out of poverty. This should be progressively measured because some are bound to fail, higher number of clients being successful is a key indicator. Not providing interests create many problems and it is almost like just giving out monies for free
maybe they take equity
There is everything fundamentally wrong for charging Interest.
From someone who works in the MF industry...i wanna say a big thumbs up...!
So half the money is given away, and the other half generates no interest. How do you replenish your funds?
Opportunities aren.t equal and won.t look for you
Good information . We also need to stop recommending what we think is best for prospective micro finance clients and take up some of borrowers suggestions The borrowers should also have a say in the terms and conditions offered by the Micro Finance Institutions .
jAIRAJ RAMJIT - Trinidad& Tobago Development Foundation Ltd (FUNDAID)- Micro Finance Institution
"If we're lucky..."
I wish your idea reaches more people.I am from Bangladesh. While the world hails Muhammad Yunus as the saviour of the poor, he and his bank actually has a reputation for making thousands of villagers homeless and engulfed in loan. People who hail him are those who have never actually taken a loan from Grameen Bank. Grameen Bank offers loans for upto 57% interest rate.
What a foolish comment. All I can say is you do not have any idea about the lives of poor people . Nobel Laureate Professor Amartya Sen attributed the success of Bangladesh in reducing poverty so significantly to a number of factors of which microfinance played crucial role
If I heard this correct, he mentioned microfinance is now illegal in india? (7.05)
Sania Mustafa nope he said it is outlawed in parts of India....he is referring to erstwhile Andhra Pradesh... Please read up on the microfinance crisis that occurred there.
After that incident the government started issuing NBFC-MFI licenses to the aspiring institution in this sector
dear Ethan Wagner, if you want to help more people come to africa
i am a software by professional but seeing how mfi can help my people in south sudan real motivate me as for now am part of the team who started the first mfi in south sudan thank mr ethan wanger . hope you can email me . looking to hear from you
regards
Eng: bilal
Ethan if you provide interest-free loans, how do you make money to sustain the business?
Yeah, thats wht I ask too.
Profit will not be the objective of the company. Rather value from help will yeld a return on investment.
Shogun Assassin
Can't you make a suggestion or contribution without insult?
did this guy just predict trump 2016?
0:49 Wait... HOW did you know that? LMAO
Come on guy, don't be plagiarising parts of Mohammed Yunus's speech....:/
Such a rude comment. He conceptualized the essence of microfinance correctly .
Dude called Trump Election in 2013 LMAO