Mauro de Lorenzo writes:
Entrepreneurial philanthropists provide credit and business education to small-scale entrepreneurs, mentor and finance small- and medium-sized enterprises (SMEs), offer strategic advice to governments that want to improve the competitiveness of their exports and investment climates, and devise innovative ways to demonstrate "return on investment" in traditional philanthropic projects. They are entrepreneurial because they tend to believe that profitability and accountability are the best form of sustainable development and the best strategy for poverty reduction; they are philanthropists because they are private actors who do not themselves seek to make money from their efforts. Moreover, they have the potential to outflank often moribund development agencies and state-funded NGOs by demonstrating that enterprise solutions to poverty are possible, scalable, and sustainable...[continue reading]
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