Category Archives: Development

Good Profile – Krystina Nguyen (US Peace Corps – Cameroon)

Good Profiles feature members of our Good Generation who are either out there in the field doing interesting work or still in the trenches of schools and institutions waiting to make their mark on the world. Have your own story to tell? Know someone who would be great to be profiled? Please sign-up or leave a note here!

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What are you up to nowadays?

I’m currently serving as a Small Business Advisor for the US Peace Corps in Ngaoundere, Cameroon.  The Peace Corps is an independent U.S. government agency that places volunteers in developing countries in various sectors across business, education, health, agriculture, environment, and community development. Peace Corps Volunteers serve for 27 months (two years of service after three months of technical, cultural, and language training) living at a level next to those they are serving. Each Volunteer is placed with a partner organization and can branch out to various other projects in the community. I will be finished with my contract in July 2012.

There are currently two core competencies for my Community Economic Development division: 1) Enhance opportunities for income generation and 2) Build local capacity for economic growth.

My partner organization is MC2, a microfinance organization found throughout Cameroon.  I serve as a consultant on various projects including strategic community outreach, benchmarking the loan review process, and training staff in IT.  I also manage and organize micro-credit cooperatives in the VSLA model; when individuals are too illiterate or marginalized for a traditional microfinance institution, the cooperative provides access to credit, a mechanism for saving, and an opportunity for low-risk investment.  As youth under twenty-five years old make up 60% of Cameroon’s population, I work with A2Empowerment to provide scholarships and income-generative activities for teenage girls who have dropped out of school.  My last weeks will be spent overseeing the final logistics to organize a market for a community of 8,000 people.

That being said, every Peace Corps position, even within the same division, is different. This is because the needs of each community and each Volunteer are different.

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Good Profile – CJ Fonzi (Dalberg Global Development Advisors / The Global Impact Investing Network)

Good Profiles feature members of our Good Generation who are either out there in the field doing interesting work or still in the trenches of schools and institutions waiting to make their mark on the world. Have your own story to tell? Know someone who would be great to be profiled? Please sign-up or leave a note here!

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What do you do for a living nowadays?

I am currently a Senior Consultant with Dalberg Global Development Advisors, based in the Johannesburg, South Africa office. Dalberg is a management strategy consulting firm, that works with governments, NGOs, foundations, and for profit businesses that are seeking to address social and environmental development issues. Since joining Dalberg my focus has been on impact investing, impact measurement, and SME growth.

I joined Dalberg 2 months ago after spending over 2 years working for the Global Impact Investing Network (the GIIN). The GIIN is a not for profit organization which was set up to accelerate the growth of the impact investing industry. At the GIIN I managed the Impact Reporting and Investment Standards initiative (IRIS), which provided a common language, and a set of metrics for investors to measure the social, environmental, and financial performance of impact investments.

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Good Profile – Chelsea Katz (Kellogg Net Impact / Fresh Takes Kitchen)

Good Profiles feature members of our Good Generation who are either out there in the field doing interesting work or still in the trenches of schools and institutions waiting to make their mark on the world. Have your own story to tell? Know someone who would be great to be profiled? Please sign-up or leave a note here!

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What are you up to these days?

I am wrapping up my final quarter at the Kellogg School of Management at Northwestern University and will complete my MBA in less than two months!  While at Kellogg, I’ve focused on Social Enterprise (SEEK) and Entrepreneurship academic concentrations and have taken several great experiential or project-based courses including Sustainability Lab, Innovate for Impact, and Impact Investing (taught by David Chen of Equilibrium Capital Partners). I’ve also been heavily involved in the Net Impact Community.  This year I served as the VP of Careers for the Net Impact Club and chaired the Innovating Social Change Conference.  In my first year I led the Social Impact Career Trek to the Bay Area and the Global Health Initiative HIV/AIDS diagnostics market research trip to Kenya. 

What did you do prior to school?

I spent three years in Accenture’s Talent & Organization Performance practice where I provided consulting services to a variety of cross-industry clients with a focus on change management, organization design, and talent strategy. While at Accenture, I also provided extensive pro-bono consulting services to a number of nonprofit organizations including Accenture Development Partnerships, i.c.stars, and Junior Achievement.  I was also very involved in Corporate Citizenship efforts and developed a collaborative internal network of social impact enthusiasts dubbed the “Accenture Network for Social Impact” and managed Accenture’s sponsorship of the national Net Impact conference.  After a year as a pro-bono consultant, I transitioned to a full-time strategic project manager role with i.c.stars – an innovative Chicago nonprofit organization that uses project-based learning and full immersion teaching to provide opportunities for change-driven, inner-city community leaders to develop skills in business and technology. At i.c.stars I managed a portfolio of social enterprise consulting projects, fundraising events, and strategic initiatives, and led a cycle of interns through the first project in the training program.

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Good Archives #1 – Law vs. Justice, Respecting the Poor, Sustainable Entrepreneurship, Do Good Career Choices

If it’s true that the blogosphere is really skin-deep and that we tend to stay only on the first page of any blog, then perhaps there is some value in the ancient respected work of excavation and restoration.

To that end, I thought it might be useful to periodically dig up some previous posts and put them on a little list. Since most of the themes and questions on GG tend to be not time-dependent anyway, no dusting required! Also, some recently joined folks may find interest in them but would never in a million years bother to click through the history of this blog.

Topics in Archive #1:

  • Justice – Law vs. Justice in the Occupy Wall Street Movement
  • Poverty – Pity vs. Compassion when thinking about “The Poor”
  • Sustainability – The Right to Entrepreneurship vs. Sustainability
  • Careers – An Approach for Choosing a Do-Good Job
  • Reflections – Defining our Personal Boundaries for “Doing Good”

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On Justice

Law does not mean Justice (d’oh!) – Occupy Wall Street’s Core Challenge

  • What is the viability of the Occupy Wall Street Movement? In today’s society, is it possible to ask for justice (right or wrong) in a system where legality (rules and laws) is the official decision-making factor of a country’s rulers?

On Poverty

Respecting the Poor – What You Should and Should Not Expect from “Doing Good” Unto Others

  • How should we think about “The Poor”? What is the importance of periodically re-humanizing those we call “poor” people and what is the critical difference between “pity” and “compassion”? What’s at stake if we keep referring to those we seek to help as “the poor” without thinking about what that actually means to them (and what it would mean to us if we were in their shoes)?

On Sustainability

The Dilemma of Sustainability – Should Entrepreneurship be our Natural Right?

  • If we are serious about sustainability, should we start managing or impose stricter standards on the way every day in the world new companies get started that just add to the burden of resource depletion and emissions? Should the right to economic self-actualization overrule the need for environmental stewardship? How should we manage this unbridled activity especially in developing markets where people tend to be less educated or interested in sustainability?

On Careers

4 Steps to Choosing a “Good Career” (Part 1) – Scaling of Impact

  • How should we think about choosing careers in the so-called “do-good” jobs of social entrepreneurship, NGOs, philanthropy, impact investing, etc.? How can we make the decision as individually relevant as possible to our own desires and varying needs for ambitious results? Should we care more about how much impact we are having or how we feel about what we do?

On Reflections

Weekly Ponder #1 – Defining our Do-Good Boundaries: Will my Effort ever be Enough?

  • How can we define how much we should get engaged in the business of doing good or changing the world? Should we volunteer, work part time, work full time for our cause? How much of our effort is “enough” to achieve those goals? How much is “enough” for our personal satisfaction? What does this depend on?
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Good & Gasp #2 – Social Impact Bonds, Enviro-investing, Prediction Markets

Good & Gasp #2

Social Impact Bonds, Enviro-investing, Microfinance Failures

Themes that caught my attention, interest or made my eyes roll while roaming the web world of doing good:

  • Social Impact Bonds – what’s the next step in this innovative financial instrument for social enterprises?
  • Environmental Impact Investing – how is environmental entrepreneurship different from “social” for the sake of impact investing?
  • Microfinance Failures – what can we learn from ex-SKS Microfinance’s CEO Vikram Akula’s admission of failure?
  • Social Value vs. Social Change – is it better to talk of social “change” or “value” and what is the important difference?
  • Sustainability by 2050 – 81% of companies apparently claim they already incorporated sustainability in their organizations… are we screwed, then?
  • Prediction Markets for Randomized Control Trials – how can we use prediction markets to help make better decisions on randomized control trials?

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Respecting the Poor – What you should and should not expect from “doing good” unto others

Reference:

“10 Things We’ve Learned About Tackling Global Poverty” (Acumen Fund) – published on Acumen Fund’s blog in December 2011

Key Ideas:

  • Impact investing pioneer Acumen Fund celebrates its 10 year anniversary of leading a trend that started from just a handful social investment funds back in 2001 to almost 200 impact players in 2011. The eco-system of engaged donors and investors supporting innovative NGOs and social entrepreneurs worldwide continues to grow as we speak. As part of its reflection, Acumen Fund has included a “Top 10 learnings” list on its blog in its quest to fight global poverty.
  • The list Acumen “has found to be true” is as follows:
  1. Dignity is more important to the human spirit than wealth.
  2. Neither grants nor markets alone will solve the problems of poverty.
  3. Poverty is a description of someone’s economic situation,
    it does not describe who someone is.
  4. We won’t succeed in the long term without cultivating local leaders,
    local money, and strong local communities.
  5. Great people, every time, no exceptions.
  6. Great technology alone is not the answer.
  7. If failing is not an option, you’ve ruled out success as well.
  8. Governments rarely invent solutions, but they can scale what works.
  9. There is no currency like trust, and there are no shortcuts to earning it.
  10. Patient capital investing is built upon a system of values.
  • Reading this reminded me of a fundamental but often neglected aspect in the business of “doing good” that we all had better be very clear about to remember why we do what we do, and not least also to save ourselves a lot of grief and “sinking heart” feeling later on. Hint: it’s got to do with people.

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Book Review – “Poor Economics”

Recently read:

Poor Economics - A radical rethinking of the way to fight global poverty (Abhijit V. Banerjeet and Esther Duflo)

My grade (1 to 5): 5 – excellent read, does not get caught up with taking sides on ideologies but gets right to the point with reams of evidence and data to support the thesis, learnt something new every page

Key Ideas:

  • Excellent argument that we cannot solve poverty unless we tackle highly localized problems through meticulous testing of various interventions  (“randomized control trials”) to uncover why poor people really make the choices they do, which oftentimes flies in the face of what we and experts assume
  • If you have read Jeffrey Sachs (pro-development and aid) and William Easterly (anti-development and aid), but never felt either author fully gets the picture, read this book; it does not take sides based on either ideology but on whether the methods employed in particular cases, e.g., school reform, health screenings, etc. produce the desired outcomes given the nature of the intervention

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