Articles by Sammie Rayner
NexThought Monday: Starting a Nonprofit? Consider a Public Benefit Corp Instead
After five years of running a nonprofit organization, I was completely burnt out on fundraising. Now, after over two years of running HandUp, a Public Benefit Corporation (PBC), I can compare the two models. If you have the right model for scale, with a clear market, and have tested your idea, I highly recommend taking the PBC route.
- Impact Assessment
NexThought Monday – Why Exiting Our MFI was the Best Way to Ramp Up Impact
In 2009 Sammie Rayner co-founded a microfinance nonprofit called Lumana, which was designed to provide loans and financial services in rural Ghana. Four years later Lumana’s MFI operations were spun off in a deal with a Ghanian NGO. In discussing their decision to exit, she cautions nonprofits against getting too attached to the ongoing survival of their mission.