Word: for-profit
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Iskenderian: The trend that is most shaping the industry today is undoubtedly commercialization, as microfinance is increasingly seen as a distinct asset class and a profitable business opportunity. The numbers are truly staggering. In 2006, over $2 billion in commercial capital poured into the microfinance industry. In 2007, this investment was over $3 billion. At the same time, MFIs themselves are increasingly transforming from non-profit organizations to regulated, for-profit institutions. They are doing so even as many microfinance institutions still rely on a guy keeping a big book with a ledger rather than a computer system. But there...
Some 4 million Americans sign up for a distance-learning course each year, whether at an extension of a bricks-and-mortar institution or at an online-only school. Although the latter category is populated mostly by for-profit companies, WGU stands out as a nonprofit funded mainly by tuition and the $20 million in seed money supplied by those 19 governors. To help bolster its reputation, the school obtained accreditation from both regional standard bearers and the National Council for Accreditation of Teacher Education (NCATE), the professional body recognized by the U.S. Department of Education for certifying teacher-preparation...
...month semester, WGU charges a sixth of the average annual tab at private four-year colleges and half as much as an online for-profit like the University of Phoenix, a mega virtual school that has some 200,000 students. And WGU lets you take as many courses as you can fit in a semester, which means some students are able to finish an undergraduate degree in as little as two years. "Before WGU, I would have had to drive almost two hours to Richmond," says Sandy Newsome, a teacher in rural Virginia who is getting her master...
...left her post as Chicago's city-planning commissioner to work for The Habitat Co., a for-profit real-estate firm, of which she is now President and CEO. In June, the Boston Globe ran a story on the firm's struggles, noting that city authorities had reassigned control of one of its housing complexes due to mismanagement...
...analysis of the data found that patients liked not-for-profit hospitals more, on average, than for-profit hospitals. Institutions with more nurses per patient were also more popular than those with fewer. And, on the whole, the hospitals that scored better according to the survey were also those that performed better on more traditional measures of clinical performance, such as providing the appropriate emergency treatment for heart attack or correctly following procedures designed to reduce risk of medical error...