2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Fighting Extreme Poverty During COVID-19: Two Proven Ways to Build Resilience in Times of Catastrophic Disruption
COVID-19 has disrupted life for practically everyone around the world, but people living in extreme poverty are particularly affected. And some estimate that the crisis could push over 80 million more people into extreme poverty. Muhammad Musa at BRAC International discusses two programs that could reduce this impact, improving the lives of marginalized communities both during and after the pandemic.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Unity During the Pandemic: How the Social Enterprise Community is Coming Together to Survive COVID-19
The economic fallout from COVID-19 could increase global poverty by as much as half a billion people. And as Pamela Roussos at Miller Center for Social Entrepreneurship points out, the pandemic is also delivering a heavy blow to the social enterprises that fight poverty around the world. She explores some new and innovative ways these enterprises, and the broader sector, are responding to the crisis.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Impact Measurement and Management During COVID-19: Tips and Resources to Help Social Impact Organizations Adapt
As the scope of the COVID-19 economic crisis becomes clear, social impact organizations are scrambling to cut costs. According to Matthew Guttentag and Mallory St. Claire at ANDE, this might lead them to reduce their focus on impact measurement and management (IMM). They explain why this would be a mistake – and how organizations can adapt their IMM activities during the crisis.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Facing Up to Failure: An Open Letter to Entrepreneurs During COVID-19
Leading a startup is hard. Leading a purpose-driven startup is harder. And as Mike Quinn, co-founder of Zoona writes, leading a purpose-driven startup while a deadly global pandemic has shut down the entire economy is almost impossible. In this heartfelt letter, he offers some straight talk – and a surprising silver lining – to help entrepreneurs through this unprecedented time.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Insurance in the Age of COVID-19: The Pandemic Highlights the Need for a New Approach
With much of the world on lockdown due to COVID-19, many businesses are closing down – either temporarily or permanently – with devastating effects on individual welfare and entire economies. This has amplified the importance of insurance, says Kate Rinehart-Smit at Cenfri. She explores how the sector can make a greater impact – not only on the resilience of businesses and individuals, but on broader economic development.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Milling on Mini-Grids: How Africa’s Largest Crop Could Go Diesel-Free
Milling is a key use of energy for people living off-grid in rural Africa, allowing them to turn grains like maize – the region's most commonly produced cereal – into flour to make staple foods. Using solar mini-grid electricity to power these mills would save money, reduce air pollution and boost electricity sales for mini-grid companies. But as analysts at CrossBoundary point out, diesel mills still dominate the market. They explore the challenge of competing with diesel, and how innovations in solar mills are changing the landscape.
2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Liquidity Before Solvency: A Guide for Microfinance Investors in the Time of COVID-19
Among microfinance investors, there's growing concern that the COVID-19 pandemic will push providers toward insolvency, with fewer loans and shrinking portfolios leading MFIs to default on their debt. But Daniel Rozas at e-MFP argues that in a crisis, preserving MFIs’ liquidity must take precedence over maintaining their solvency. To that end, he urges investors to commit to a six-month moratorium on debt repayments from MFIs.
The COVID-19 pandemic is causing falling demand, mandatory store closings, labor shortages and other challenges for businesses around the world – and micro and small businesses are especially vulnerable. How can development organizations help these critical drivers of local economies? Juan Carlos Thomas and Andrea Bettosini at Technoserve provide answers to this question, based on past experience helping businesses weather socio-political upheaval in developing countries.