Feb 28, 2009 — Unlike the movie-goers in the theatre, who pinned their hopes for one chai wallah (tea seller) escaping the horrors of the slums of Mumbai, India, on the long-shot odds of his winning the Indian version of Who Wants to Be a Millionaire, we knew that right now, there is a tool ...
AsidesFeb 24, 2009 — Sokoloff and Powell are among thousands of Americans using microcredit, a financing system originated in the Third World, to help open small businesses or get through rough spots. While the dollar amounts are much bigger in the U. S. than the tiny loans in developing countries — some for less than ...
AsidesJoin Nobel Peace Prize Laureate Muhammad Yunus at the Latin America – Caribbean Regional Microcredit Summit June 8-10, 2009
EventsFeb 7, 2009 — State Employees’ Credit Union (SECU) is exploring, with other local financial industry leaders and regulators, the possibility of bringing the Grameen micro-credit lending system to North Carolina. With 15% of North Carolinians living at or below the poverty line and the unemployment rate now above 8.9%, the Grameen model could help ...
AsidesFeb 6, 2009 — The World Bank and the German government said Thursday that they would inject as much as $500 million into microcredit banks, fledgling institutions in the developing world that are being starved of funding as financial markets in rich nations constrict. The effort highlights how even small banks in poor countries are getting ...
AsidesFeb 5, 2009 — One of the most interesting things about the appointment of Timothy Geithner as the head of the Treasury Department is that his entire life prepared him for the world we are living in today. Raised by a father, Peter Geithner, who ran the Microcredit program for Indonesia…(full article)
AsidesAverage Americans, struggling to survive in a disintegrating economy, might be forgiven for assuming that people and institutions who lend, manipulate and otherwise handle other people’s money are greedy, unprincipled wretches. But there’s a movement afoot that’s far from business as usual. In fact, it’s pretty much the antithesis of mainstream banking practices. It’s microlending ...
AsidesCompanies are racing to add poverty-reducing microcredit initiatives to their corporate social responsibility (CSR) activities. Their hearts may be in the right place, but these well-intentioned efforts can backfire. (full article)
AsidesJan 30, 2009 — Unitus President Ed Bland spoke with Bloomberg Television about Unitus’ work and the future of microfinance. Ed was in New York for a series of conversations centered around the Microcredit Summit Campaign’s announcement that in 2007, more than 106 million of the world’s poorest families (those living on less than $1.25/day) ...
AsidesNBC Nightly News will feature ProMujer at the very end of its broadcast tonight. Catch it if you can!
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