Matt Flannery is based in San Francisco but travels the world. He was in Zeist, The Netherlands as one of the keynote speakers at the PINC festival of ideas. He explains how their system of microfinancing is changing peoples' lives and why by concentrating on crowdsourcing loans on the web, they can keep their costs to a minimum. They have raised around 145 million dollars in the last five years. Does it work? Yes, perfectly.