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Up to $500 million pledged for microloan institutions

Feb 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 ...

New research from Jonathan Morduch of the Financial Access Initiative and Robert Cull and Asli Demirgüç-Kunt of the World Bank (forthcoming in the Journal of Economic Perspectives in February 2009) clarifies what’s at stake when the worlds of non-profit microfinance and commercial banking intersect. Using a data set that includes 346 of the world’s leading ...