Small Projects, Big Impact: Crowding in Capital for SMEs and Microfinance
In this episode, Dan sits down with Harold Rosen, the Founder and Chief Executive Officer of the Grassroots Business Fund. They discuss Harold’s career at the World Bank and the Grassroots Business Fund, which grew out of the Grassroots Business Initiative at the International Finance Corporation (IFC). Harold was at the forefront of bringing impact investment and small-and-medium-businesses financing to the IFC, and he talks about how measuring and delivering impact and microfinance have evolved in development finance institutions (DFIs). He also discusses blended finance and the importance – and difficulty – of crowding in capital to finance small businesses and help lift people out of poverty.