WASHINGTON (Reuters) - Using handheld devices, motorbikes and even smartphones, micro-lenders such as ShoreBank International hope to give poor communities access to safe ...
Bangladesh's "banker to the poor" says the world has missed a golden opportunity to help the neediest people on the planet with a ...
Unscathed by financial crisis, Grameen shows that 'poorest of the poor' can be creditworthy The global financial crisis has highlighted a curious success story: A bank that doles out loans to some of the world's poorest, least-creditworthy people continues to have a ...
SARAJEVO (Reuters) - When Alma, a Bosnian single mother of two, agreed to act as a loan guarantor for a colleague, she never imagined the day would come when she would actually have to pay the debt. Yet that is exactly what ...
The micro-credit sector in Bosnia, a cornerstone of recovery from the country's devastating war, is tipped to emerge even stronger from the global recession. Since the 1990s conflict, the Balkan state's micro-credit market has grown to serve nearly 400,000 clients thanks to ...
A 27-year-old single mother in Peru needed cash to keep her modest neighborhood grocery store stocked. But the $325 loan Rosa needed was too small for traditional financial institutions to consider worthwhile. Fortunately for Rosa, the Meadows Microbank — launched by students ...
The vast majority of the world's poor still have no access to microloans that have been hailed as a good way to eradicate poverty, experts said Thursday at an international conference in Madrid. "More than 95 percent of the world's poor population ...
Students at Meadows School start microbank to assist poor women in Latin America Two years ago the Nobel Peace Prize was awarded to an economist and a bank he started in Bangladesh that provided women of that impoverished nation with loans that ...
Students form small bank to make business loans to poor women Students at a Las Vegas private school will soon offer poor women in Latin America a route out of poverty. The group of 70 Meadows School students has raised about $20,000 ...
The financial crisis has not hit the microfinance system, Nobel Peace Prize winner Muhammad Yunus said Thursday, as he called for tougher regulations to prevent such shocks in future. "One good news in the middle of all these bad news: microfinance still ...
Obama cites microfinance, climate change as agenda items at Summit of the Americas President Barack Obama is announcing a $30 million initiative to increase security in the Caribbean as a summit of Western Hemisphere democracies starts. Obama also on Friday announced a ...
Microfinance pioneer Muhammad Yunus, who won the Nobel Peace Prize for his work in alleviating poverty, said he wants to open credit unions in the recession-gripped United States. Yunus, who opened Grameen America bank in New York a year ago in the ...
