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Microfinance - Investing in Potential
As opposed to conventional banking practices that lend money to those with the greatest assets, microlending lends to those that have the greatest potential. The United Nations has declared 2005 the...
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Microcredit Wins The Nobel Peace Prize
Microcredit is not a panacea to global poverty. It is one of many approaches and should not be relied upon as the only means to eradicate world poverty. This year's Nobel Peace Prize went unexpectedly...
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The Online Funding Revolution
Is online micro-lending just a clever mechanism to attract resources, or is it a genuine revolution in the aid and development sector?Muhammad Yunus is credited with revolutionizing microcredit into a...
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The Bottom Line for Microfinance
A close look at microfinance institutions reveals an important key to success - efficiency.Borrowers of the Grameen Bank congregate to discuss the status of loans. Photo credit: Flickr. An estimated 4...
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Coming to America: Bangladeshi-Style Banking
A few weeks ago microfinance pioneer Professor Muhammad Yunus was in Queens, New York. No, he wasn’t soliciting funding or international support for his Bangladesh-based microlending institution. He...
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Opportunity in the Midst of Crisis
Can a lotus bloom out of this recent economic mud? Dr. Muhammad Yunus seems to think so. In a recent interview with CriEnglish, the Nobel Peace Prize Winner says that the world should see the economic...
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October Comment of the Month: Poverty Comes in Many Forms
October's comment of the month comes from James in Portland, Oregon. James commented on our story Poverty Isn't Always Ugly. He reminds us that poverty rears its ugly head in many forms — not just...
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Can Profit-Seeking Benefit the Poor?
Of the three main microcredit models; non-profit, commercial, and regulated full financial services, which is best equipped to help the poor?The Clinton Global Initiative invited three heavyweights...
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The 2011 Global Microcredit Summit meets in face of increasing criticism
The 2011 Global Microcredit Summit convened last week in Spain amid growing concerns that microfinance might not work as advertised.The Microcredit Summit Campaign promotes microlending to the world’s...
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Leaders of the pack: Women in Ghana add entrepreneurship to their resumes
This article was republished in The Christian Science Monitor.Ghanaian women are mothers, daughters and wives. Add entrepreneurs to the list. Female entrepreneurs are flourishing across Africa, but...
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