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Microfinance

Crowdsourcing Microfinance

The Grameen Foundation’s Bankers Without Borders initiative applies skills-based volunteering to poverty alleviation.

 

What happens when crowdsourcing is applied to the microfinance sector? Bankers Without Borders, an initiative of the Grameen Foundation, has embraced crowdsourcing—the process of leveraging a large group of people to take action on a project—to develop its volunteer corps. Crowdsourcing has succeeded mostly for technology-focused organizations: Wikipedia has used it to build an online encyclopedia, and Unix has deployed it to develop open-source computer systems. Yet translating it to...


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