by Willy Franzen on July 6, 2009
I was lucky enough to graduate from college without having had to take out any student loans, but even if I had needed to take out a loan, at least it would have been before the “credit crunch.” These days it’s a lot harder for students to finance their educations than it was just a couple of years ago. Credit in general is extremely tight right now, and beyond that, lenders are being very picky about whom they lend to. For students with no credit history, getting a loan can be a big pain in the butt. People Capital is a New York City based startup that is aiming to change that through what they call a “peer-to-peer lending platform.” They’ve developed a Human Capital Score “to assess the creditworthiness of those just starting their credit histories,” and they’re now building out a network of borrowers and lenders to bring the idea to life. It’s kind of like Kiva for education, but with a for-profit incentive keeping things efficient.
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by Willy Franzen on April 19, 2009
The world of non-profits is built on fundraising. Organizations big and small take money from donors and put it to use how they see fit. The system works, but it leaves a lot to be desired. What if you want to know where your money is going and whom it is helping? What if you want to decide where your money goes? You often can’t. With San Francisco based Kiva you can. You can loan money directly to the working poor. And if you make a wise investment and the person you loan money to succeeds, you’ll get your money back and get to loan it again. You can lend money to a man who runs a food market in Togo or a woman who sells traditional coats in Tajikistan. The choice is yours. Kiva is all about “connect[ing] people through lending for the sake of alleviating poverty.” It’s a really simple idea that couldn’t have taken hold before the Internet. Now it’s changing the way that we think about giving through microfinance and microfunding.
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by Willy Franzen on January 10, 2009
I’m not going to start an Economics debate on a Saturday morning, but I’m tempted. Trickle Up is a non-profit organization that was named as a slap in the face to the theory of trickle-down economics. Regardless of their economic philosophy, they appear to be doing great work by empowering “people living on less than $1 a day to take the first steps out of poverty, providing them with resources to build microenterprises for a better quality of life.” Trickle Up is based out of New York City, and they believe strongly in microfinance, micropreneurship, and microenterprises as being the solution to worldwide poverty. Their website does a great job of telling their story, so I recommend that you check it out to get a full feel for whom Trickle Up helps and how they do it.
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by Willy Franzen on June 1, 2008
With all the hubbub about the ridiculous price of gasoline, another, more pressing price increase has been overlooked by many people. World food prices have skyrocketed as of late. On average only 14% of an American’s spending is on food, which means that we aren’t typically price sensitive when it comes to how many calories we consume (how we consume those calories is much more price sensitive). Now imagine living in a nation where the average person spends the majority of his or her income on food. If food prices go up, you must eat less. Not a good situation to be in. Freedom from Hunger is a non-profit organization that “brings innovative and sustainable self-help solutions to the fight against chronic hunger and poverty” and will hopefully be able to help people across the world cope with the increasing price of food.
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by Willy Franzen on December 9, 2007
If you’re a college Senior, it’s time to get your life together. You need to find a job, start managing your personal finances, and think about giving back to society. The Calvert Foundation can help you accomplish all three of these goals. They offer investment opportunities. All Calvert investments are focused on community improvement. And most importantly, Calvert is hiring.
The Calvert Foundation, a 3 time winner of the social capitalist award from Fast Company, is a non-profit organization located in Bethedsa, MD that offers financial products and services that channel flexible, affordable capital to underserved communities. That means that they take money from investors to help other non-profits fund community investments with a focus on Affordable Housing, Community Facilities, Microcredit, Small Business, and Social Innovations.
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