Is social lending damaging charities?

There are some positive aspects of social investment, but also risk that investors are profiting from poverty

For just over a year now, I’ve been developing a new non-profit organisation, Minerva Pathway. We’re close to critical mass at the moment: the programme format is ready to go, the core team is in place (both of us volunteers, for the time being), the governance is being finalised, and we’ve been developing the project’s profile quite well.

The big obstacle is money. Of course, that’s not surprising in the current economic climate. But the Herculean task of gaining that first infusion of cash to get up and running has been made all the more difficult because of a sea-change in the way charities are funded.

Read More at the Guardian

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