Acton Institute Powerblog Archives

Post Tagged 'microfinance'

Lessons from Poverty, Inc.

“An underlying theme in basic economics says, ‘offering a product for free can destroy the local economy’” writes Luis Miranda.  Miranda recently watched Poverty, Inc and since seeing the award winning Acton Institute documentary he has shared some of its lessons in an article at The Indian EconomistContinue Reading...

Does Microfinance Help the Poor?

This week at the Institute for Faith, Work and Economics, contributor James Clark asked, “Can microfinance really help the poor?” His conclusion: yes microfinance can work, but with certain caveats. In the last decade, microfinance has become a popular strategy in poverty alleviation, yet many economists and philanthropists often call its effectiveness into question. Continue Reading...

Giving God What We Already Have

“What would happen if instead of focusing on what we don’t have, we consider what God has already given us — our talents, our dreams, our motivations — and offer them back to Him as an act of worship?” In a new video from HOPE International, we’re challenged to counter our tendencies to approach God through an attitude of lack and self-doubt (“if only I had x I would do y”), trusting instead that God has already given us exactly what we need to obey, serve, and flourish. Continue Reading...

Entrepreneurship: An Engine of Human Flourishing

As leaders of HOPE International, an organization that empowers men and women across the globe through business training, savings services, and small loans, Peter Greer and Chris Horst have witnessed the transformative impact entrepreneurship can have on individuals and communities, particularly when paired with the power of the Gospel. Continue Reading...

Business as God’s Restorative Work

Katie Nienow worked in youth ministry for four years. After deciding to transition into the world of business, her former boss was not pleased. “You’re leaving the one thing God has best designed you to do,” he said. Continue Reading...

How Church Foreign Aid Programs Make Things Worse

In an interview with Forbes‘ Jerry Bower, Peter Greer, president and CEO of the the Hope International, explains why church foreign aid programs often hurts those its meant to help: Greer: There’s an entrepreneur named Jeff Rutt, and after the fall of the Soviet Union he had a desire to go over with his church and help. Continue Reading...

The Fruits, the Roots, and the Soil

When we consider poverty alleviation, what areas should be focused on to yield effective and sustainable results? In the blog article, “The fruits, the roots, and the soil,” PovertyCure’s Mark Weber asserts that it is oftentimes the neglected aspects that are most necessary for long-term prosperity. Continue Reading...

Cell Phones, Microfinance, and Poverty

A recent report by the United Nations states that out of the world’s seven billion people, six billion have a mobile phone, but only 4.5 billion have a modern toilet. In India, there are almost 900 million cell phone users, but nearly 70 percent of the population doesn’t have access to “proper sanitation.” Jan Eliasson, the UN Deputy Secretary General has called this a “‘silent disaster’ that reflects the extreme poverty and huge inequalities in world today.” Despite the lack of sanitation, most people are able to afford a mobile phone with a wide range available for [$15] or less and the price of calls reducing from [15c] a minute to [3c] a minute in the last decade. Continue Reading...

Small Scale Subsidiarity

Nowhere in his article for The Atlantic does Joshua Foust use the “s” word.  But it’s obvious from the examples he mentions that the key to providing aid to Pakistan is applying the principle of subsidiarity: . Continue Reading...