Global microlending – not all it’s intended to be

Global microlending – not all it’s intended to be

Claire Provost – WNN SOAPBOX (WNN/GDN) London, U.K.: Held up for decades as something of a “miracle cure” for global poverty, microfinance became one of the world’s most high-profile and generously funded development interventions. Everyone, it seemed, was talking about how small loans could unlock endless opportunities for the world’s poorest people. By 2010, however, […]

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 […]

Malawi’s solar micro-finance initiative builds business for women entrepreneurs

Malawi’s solar micro-finance initiative builds business for women entrepreneurs

Jessica Buchleitner –  WNN Features (WNN) Kasungu, Malawi: In the small landlocked southeastern African nation of Malawi only 8% of its growing 15.263 million people are connected to the national power grid, a source of power that has become increasingly unreliable. For many women and their families this often means only one thing – complete […]

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 […]