Monday, January 24, 2011
Saturday, January 15, 2011
Founder of MicroLendeing Speaks out on it's Decline
Sacrificing Microcredit for Megaprofits - NYTimes.com
There are serious practical problems with treating microcredit as an ordinary profit-maximizing business. Instead of creating wholesale funds dedicated to lending money to microfinance institutions, as Bangladesh has done, these commercial organizations raise larger sums in volatile international financial markets, and then transmit financial risks to the poor.
Tuesday, January 11, 2011
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