Generosity

Generosity for Potential Economic Law #6: The Boaz Principle Elevated “The value enabled by generosity exceeds the cost of the corner.” The Kiva Proof In 2005, Matt Flannery and Jessica Jackley founded Kiva with a radical premise: lend money to people who traditional banks wouldn’t touch, and trust them to pay it back. The results: Metric Value Total Loans $2,000,000,000+ Repayment Rate 96%+ Countries 77 Borrowers 5,000,000+ Traditional economics said this was impossible. People without collateral, without credit history, without the “right” background — they were bad bets. The math didn’t work. ...

The Boaz Principle: The tl;dr Want the formal proofs? See: Full Academic Paper The Problem in One Sentence Platforms extract maximum value from every transaction, leaving nothing for newcomers or those who can’t pay full price. The Solution Build generosity into the math, not the marketing. The Biblical Reference Book of Ruth, Chapter 2. Boaz tells his workers: leave grain in the corners of the field. Don’t harvest everything. Let people who can’t buy come and gather what’s left. ...