entrepreneurship
Five years of microlending in less than five minutes (video)
Check out what over five years of Kiva microlending looks like:
The video was put together by Kiva’s staff, who cleverly termed it “Intercontinental Ballistic Finance.” It’s pretty neat to see how microfinance can cross geographical and political borders to connect far-flung parts of the globe.
As time passes, you see that more and more parts of the world join in the lending game. And it’s not just the Western world; loans come from cities all over, including Singapore, Hong Kong, and Dubai. You can also see through the nifty color-coding system that the types of loans come in waves: the screen flashes blue, red, and sometimes it’s a multicolored hodgepodge.
Kiva Microfunds is an American non-profit organization that allows anyone to make microloans to entrepreneurs around the world. The loans are then repaid over time. Since its launch in 2005, Kiva has loaned $241,348,975 to 625,153 people in 60 countries, and its repayment rate is 98.86 percent, and The New York Times’ Nicholas Kristof included the organization in a 2010 list of the best ways that individuals can make a difference in the world.
Margo Conner is a senior at Lewis & Clark College in Portland, Oregon, majoring in international affairs. Read her other contributions to Global Envision.
Slum Life: Destitution or Dynamism?

Even before it cashed in on eight Oscars, Slumdog Millionaire had sparked a global conversation around the film's depiction of slum life in India.
Critics say Slumdog's dramatized images of destitution, squalor and prostitution send a distorted message to audiences. It also overlooks the resilience of India’s hardworking slum-dwellers, Gautaman Bhaskaran writes in the Japan Times:
Is this not what the developed West wants to see of India: its underbelly of crime, corruption and poverty that appears all black, dark and depressing, with little gray or goodness?
Meanwhile, economist Howard Husock draws a more hopeful message from the film: that slum life is not, in all cases, inescapable.
By finding a hero who rises from shacks and degradation, the film reflects a surprising new consensus that even as slums proliferate around the world at a greater scale than ever before, they could, with the right mix of policies, be the launching pads for upward mobility rather than dead-ends.
Over the last half-century, slums around the world have been transformed from temporary settlements into thriving urban centers, Husock writes in Forbes. In Mumbai’s Dharavi slum (where Slumdog was shot), small businesses are multiplying at a staggering rate.
But residents in Dharavi, Asia’s largest slum, are less concerned about entrepreneurship and infrastructure than they are about a redevelopment project that would demolish their community. A plan to convert shanties into upscale apartments and office towers would uproot Dharavi residents from homes where they’ve lived for years — in some cases, for generations.
"This city has always been about diversity of habitats," urban planner and activist Rahul Srivastava told India’s Economic Times. "We have low-rises and high-rises, villages and slums. Why can't we make slums acceptable living spaces?"
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The Apprentice, Kenyan Style
I know that most everybody is tired of reality television by now. But a new documentary from Kenya that touts itself as "Apprentice meets Big Brother" is definitely worth watching.
Out of 5,000 applicants, the documentary follows six young Kenyans creating business plans in order to win prize money needed to launch their ideas.
Who competed? A young woman who wants to begin a translation service catering to visiting Chinese business people. An outspoken and confident young man, Oscar, wants to start an IT business.
What's most interesting about this film is that the filmmaker returns to these peoples' lives to discover that many of their entrepreneurial aspirations haven't gone anywhere because of the recent post-election violence. Who needs translation services when all international conferences have been canceled? Who needs hotel rooms or safaris when tourism has dropped by 90 percent? Even the plans of the young man who wanted to start a dairy co-op have been halted.
These are the stories that demonstrate that violent conflict has wider effects than claiming lives and destroying homes-- it has the potential to limit the entrepreneurial dreams of Kenya's best and brightest.
An Innovative Harvest
Here is a very encouraging story from Newsweek about social entrepreneurship and the kind of change that is possible when thinking outside of the box. The story highlights the innovative work of José Roberto Fonseca that is revitalizing the agricultural sector in one of the poorest districts in Brazil. Using a combination of solar energy and a process known as hydroponics, José has been able to create sustainable solutions for agricultural problems that inundate this arid region of Brazil.
But where others saw privation, Fonseca saw opportunity. "Poor people in the sertão have been farming beans, manioc and corn the same way they have since Brazil was discovered, and poverty is as bad as ever," he says, waving at the monotonous expanse of balding scrub and cactus. "It's time they tried something different."
Afghani Business Success Story

Today's Christian Science Monitor has a hopeful piece on female entrepreneurs in Afghanistan.
The success of Sediqi and a handful of other Afghan businesswomen come amid difficult circumstances, despite steady growth in the overall economy. In the face of a resurgent Taliban, stagnant reconstruction, and the high-profile kidnappings of foreign aid workers, these women push forward, propelled by entrepreneurial grit and desire to support their families. While no official figures track their numbers, they can be found in pockets of Afghanistan, launching consultancies, furniture factories, and printing houses. Many of them say better business conditions, rather than more talk of their plight, are critical.
A New Generation of Entrepreneurs (Thanks to Globalization)
We've all heard globalization linked to the growth of multi-national corporations. However, an article from yesterday's Business Week takes a look at how globalization is driving the growth of small entrepreneurs.
"These young entrepreneurs are trying to make their marks independent of what their fathers and grandfathers have done. These young people and their companies are growing fast and becoming relevant on the global scale," he says. While previous generations were often constricted by government red tape and low customer expectations, younger entrepreneurs who take their cue from the international business models they see online are more open to new ideas and are setting higher standards for their companies.
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