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Tim Ogden has been a fierce critic of promoters of microfinance who disregard studies that have shown it does not work as advertised. But in this post, he argues that while microfinance is no silver bullet, we are on the verge of a golden age in the field.
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Groupon, the hot social coupon site, started offering discounted Kiva.org microfinance credits. Oprah mentioned the deal and the wave of Oprah fans crashed the Groupon website.
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The hot social coupon site Groupon teams with Kiva to sell discounted microfinance loans. You can buy $25 microfinance credit for $15.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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