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Microfinance: Investing in Human Potential

Lenders providing relatively small loans have helped more than 59 million of the world’s poorest people improve their communities. 1  This unusual combination of philanthropy and investing remedies economic disparities in underserved areas and as a new branch of socially responsible investing, it can generate competitive returns. Microfinancing is more than an investing buzzword. With more than $33 billion in total assets, 2  microfinance institutions (MFI) have become a potent force worldwide. MFIs are also creating an emerging asset class of microfinance investment vehicles such as certificates of deposit from community development banks, equity and debt funds, or loans to MFIs. To be sure, microfinance has been around since the Marshall Plan, but it received renewed attention in the mid-1970s through the innovative microcredit projects of 2006 Nobel Peace Prize winner Muhammad Yunus in Bangladesh. In its entirety, microfinance encompasses the full range of banking services for the p...
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Chapter 3 - The Shipping agent

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We finally paid for our solar panels, batteries, cables, racking and combiner boxes. We have picked a shipping agent who will remain unnamed and we have handed him our waybills and invoice. He tells us to expect our delivery in 30 days. We figure March or Early April 2014. In anticipation of seeing the products first hand, my wife and I fly to Lagos in the Middle of May. She departs and we did not get the goods till then end of June 2014. Watch the video to understand the journey and the feelings that washed over me during the wait. Please share with friends and subscribe to my blog for more content
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Life Lessons: Nothing is Permanent

Life Lessons: Nothing is Permanent Our guest this week is Mr. Olu Abosede, Founder and former Managing Director of a wholly indigenous, quoted company, Aboseldehyde Plc. The company was once used as a reference point for other local entrepreneurs who would want their companies listed on the Nigerian Stock Exchange (NSE). Within a period of 14 years, the company had become a very strong brand in the country in its niche area. Things were also pretty good for our guest who built his first personal multi-million Naira house at age 28 and the second at 32. His children were in choice schools locally and abroad. His house at Gbagada, in Lagos State, was a beehive of activities by friends and associates who regularly showed up on weekends to treat themselves to some choice wines in his well-stocked personal bar. Then, in a sudden twist, from 2000, there was a gradual but irreversible slide of fortune, starting with the forced take-over of his company by creditors. And the rest came in ...
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