Having just listened to the podcast, it sounded like a big part of making the bank model work was the cost of banking computers and software.
Is this a big chance to do an OpenMRS/ODK-style thing for banking? --Colin -- Sent from my Palm Pre On Sep 30, 2010 8:50 AM, Yaw Anokwa <yanokwa at gmail.com> wrote: Say you want to make loans to millions of poor women in the developing world, to help them climb out of poverty. Is it OK to raise money from rich investors, who expect to make a profit? Muhammad Yunus, the father of microfinance, says no. If you have investors who expect profits, you'll ultimately turn into something more like a loan-shark than a do-gooder. Vikram Akula, founder of SKS Microfinance ? a company that had an IPO earlier this year ? says raising money from profit-seeking investors is the only way to spread microfinance quickly around the world. NPR's Planet Money did a great podcast on the different viewpoints at http://is.gd/fCo5h. You can also watch the video of Clinton Global Initiative debate at http://is.gd/fCnWl. _______________________________________________ change mailing list change at change.washington.edu http://changemm.cs.washington.edu/mailman/listinfo/change -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://changemm.cs.washington.edu/mailman/private/change/attachments/20100930/adcccbdd/attachment.html>
