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 […]

Jobs improve status for women in Brazil’s slums

Jobs improve status for women in Brazil’s slums

Luisa Pascoareli – WNN Features (WNN) Sao Paulo, Brazil: The city of Sao Paulo is a crowded city of over 11 million people. It is a city of many contrasts where those who live an affluent life often intersect daily with those who have little to nothing. Sprawling slums, known as ‘favelas,’ can be seen […]

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 […]

Maxima the grassroots princess visits Senegal

Maxima the grassroots princess visits Senegal

Sheriff Bojang Jnr – Radio Netherlands Worldwide – Friday, 13 May, 2011 Princess Maxima has already won the hearts of the Dutch people and now she looks set to win those of Africans. As part of her West African tour of Senegal and Mali, the Crown Princess of the Netherlands is acting as a UN advocate for inclusive […]

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 […]

Sex-workers get second chance at life with microloans in Kenya

Sex-workers get second chance at life with microloans in Kenya

Correspondent Gitonga Njeru – WNN Features Nairobi, Kenya: With higher levels of economic growth than expected, Kenya’s banks have already begun giving successful loans to a specific and special group of women. Many of these women have struggled through poverty with only one option available to them as they raise their children alone without assistance. […]