Mongolia: A Microfinance Test Case

Mongolia: A Microfinance Test Case

S. Adam Cardais – East of Center – Thursday June 28, 2012 (originally published June 21) Rural MONGOLIA: Mongolia’s economy grew 17.3 percent last year thanks to a mining boom, and the government is set to distribute to the public some $1 billion to share the wealth. So it’s easy to forget that, Mongolia’s meteoric economy […]

Sacrificing Microcredit for Megaprofits

Sacrificing Microcredit for Megaprofits

Muhammad Yunus The New York Times – Tuesday, 1 February, 2011 (originally published 14 Jan) In the 1970s, when I began working here on what would eventually be called “microcredit,” one of my goals was to eliminate the presence of loan sharks who grow rich by preying on the poor. In 1983, I founded Grameen […]

Haiti womens micro-lending bank brings big cash to rescue

Haiti womens micro-lending bank brings big cash to rescue

  Able to quickly reach a well-developed network of women throughout the country, an alternative banking system performs while the Haitian economy is in shambles Peggy Simpson – WNN Features in partnership with the WMC – Women’s Media Center A micro-credit program and banking system for more than 200,000 women in Haiti has come to […]