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Drahflow comments on Missed opportunities for doing well by doing good - Less Wrong
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If you are out for the warm fuzzies: According to my experience fuzzies / $ is optimized via giving a little often.
Microfinancing might be an option, as the same capital can be lend multiple times, generating some fuzzies each time.
Then again, GiveWell seems not too decided on the concept: http://www.givewell.org/international-giving-marketplaces