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Jacqueline Novogratz: Murder, Philanthropy, Blue Sweaters

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Vasil Avatar
Posted: 06.11.09, 12:17 PM
The idea of Acumen Fund is the middle road of the microfinance debate between pure philanthropists and entrepreneurs trying to make money from poor by lending to them. Nowadays almost everybody agrees that traditional international aid is ineffective as it often consumed by the corrupt governments and stays out of reach from those who really need it. Professor Yunus, a founder of Grameen Bank, whose original goal was to to empower women and to contribute to their financial stability by providing them short-term microcredits believes that "maximization of profit" is inappropriate when dealing with third world countries where majority of population lives below the poverty line. On the other hand, a founder of Ebay, Pierre Omidyer, treats "helping poor” as just another business model. For more info on this debate, please, read the following publication in New Yorker
Rdallas1 Avatar
Posted: 06.11.09, 12:05 PM
It is so frightening how people can be so easily brainwashed to think ethnic cleansing is ok. When she talked about how Agnus had convinced herself that what the Hutu had done was right it just reminds me of how many people did that during WWII. It's like people don't take a step back and use their common sense of what is right and wrong. And she is so right on when she says that after such a horrible event we will say "never again" but it continuously happens even today. Even the U.S., the country of the "free", is responsible for such horrible acts only we have a government that can surprisingly easily hide this. I just hope it doesn't take another World War for us to understand that we must accept and respect our differences between cultures even if we don't agree with them.