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. […]