The New Microfinancing: SMS-Based Layaway To The Rescue

KickStart has introduced an innovative layaway program to African farmers so they can invest in low-cost irrigation pumps. Microfinance , the Nobel Prize-winning initiative to turn aspiring third-world entrepreneurs into self-sustaining CEOs, has long been the only game in town when it comes to offering developing world entrepreneurs a viable and sustainable form of funding. But other financial instruments may work just as well–if not better–at supplying small farmers around the world with capital and a path out of poverty

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The New Microfinancing: SMS-Based Layaway To The Rescue