Six weeks ago, I posted some thoughts on MFP about how microfinance and Facebook both became vehicles for activity that violated their original intents. Nextbillion has now posted an edited version of my post. Here is their intro paragraph and a link to the article:
Chuck Waterfield left microfinance five years ago, after working in the sector for three decades. He stopped using Facebook three years ago, after using the platform for about 10 years. As he explains, the troubling parallels between the two drove his decision to leave both. He explores how their business models have grown increasingly problematic over time – and why, without external intervention, things are likely to get worse.
Regards,
Chuck Waterfield
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Posted by: Chuck Waterfield <chuck.waterfield@gmail.com>
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