Microloans

2010-03-12T10:07:36Z

<b>What are ?microloans??</b><br>As the name implies, microloans are ?small? loans, sometimes as low as $100. Microfinance institutions disburse these small loans (along with other types of financial services) to the entrepreneurial poor who use them to develop and expand informal businesses, which in turn allow borrowers to typically increase profits. While increased profit doesn?t directly translate into immediate and complete freedom from poverty, it does allow the poor t...

Treasury Secretary Geithner Announce Small Business TARP Initiative

2010-02-03T15:31:55Z

WASHINGTON - FEBRUARY 03: U.S. Treasury Secretary Timothy Geithner delivers remarks during a meeting with Community Development Financial Institution bankers at the Treasury February 3, 2010 in Washington, DC. Geithner announced the final terms of a new p...

Muhammad Yunus Visits Milan

2010-02-01T15:32:29Z

MILAN, ITALY - FEBRUARY 01: Grameen Bank Managing Director and Nobel Peace Prize Laureate Muhammad Yunus speaks during the lecture ' A world without poverty ' on February 1, 2010 in Milan, Italy. Yunus was awarded the 2006 Nobel Peace Prize for founding the

Gates Foundation grant seeks savings for poor

2010-02-22T21:13:58Z

<div><p>WASHINGTON (Reuters) - Using handheld devices, motorbikes and even smartphones, micro-lenders such as ShoreBank International hope to give poor communities access to safe and affordable ways to save their hard-earned cash.</p><p>Such innovation is being driven by a new project funded by the ...

Small Loan

2010-02-23T01:09:40Z

Have access to a small loan amount is relatively easier than big loans. The rate of interest rate charged on such loans is significantly less than the credit cards which are so popular in the market. On easy term and conditions, there are many lenders that offer these small loan, and that too, within a short period of time. In comparison to plastic money, there are many benefits of taking small personal loans however.<br><br>If you are in urgent cash situation and ...

Small Loans

2010-02-23T01:09:46Z

There are millions of people who are in need of small loans every day. Small loans are meant to provide help to individuals who are running out of cash and generally sanctioned if they meet minimal requirements. These loans are approved very quickly, owing to the fact that the formalities to be conformed with are least. The qualifications usually include employment, authentication of age, and bank account. The borrowers should be over 18 years of age, and required have a regular job with a fi...

Micro loans bring light to rural poor

2010-02-24T14:07:12Z

<div><p>AHMEDABAD, India (Reuters) - When night falls in remote parts of Africa and the Indian subcontinent, hundreds of millions of people without access to electricity turn to candles or flammable and polluting kerosene lamps for illumination.</p>&lt...

Yunus laments unreformed Bangladesh banking sector

2010-02-24T17:36:52Z

<div><p>Bangladesh's "banker to the poor" says the world has missed a golden opportunity to help the neediest people on the planet with a redesign of the financial system in the wake of the global economic crisis.</p><p>Nobel laureate Muhammad Yunus, who along with his ...

darian daymond

2009-09-07T09:18:16Z

Actor Dorian Gregory and FUBU founder Daymond John Kiva organization and the Clevelander partnered up for a social cause to breathe life into the businesses of many people in the United States.Kiva is an organization that allows people to lend money via the Internet to microfinance institutions in developing coun...

Thailand Loans for the Poor

2009-08-29T21:00:28Z

In this Wednesday, Aug. 19, 2009 photo Nobel Peace laureate and a 2009 recipient of the Presidential Medal of Freedom from U.S. President Barack Obama, Muhammad Yunus, left, and Said Irandoust, president of Asian Institution of Technology, show documents after signing a contract launching...

Grameen shows poorest of poor can be creditworthy

2010-02-25T14:13:12Z

<div id="subtitle">Unscathed by financial crisis, Grameen shows that 'poorest of the poor' can be creditworthy</div><div><p>The global financial crisis has highlighted a curious success story: A bank that doles out loans to some of the world's poorest, least-creditworthy people continues to have a payback rate of nearly 100 percent.</p><p>Nobel Peace P...

Balkan loan guarantors struggle to pay others' debts

2010-02-25T19:33:13Z

<div><p>SARAJEVO (Reuters) - When Alma, a Bosnian single mother of two, agreed to act as a loan guarantor for a colleague, she never imagined the day would come when she would actually have to pay the debt.</p><p>Yet that is exactly what happened to the Sarajevo high school administrator who is among an estimated 100,000 Bosnian...

To match feature FRICTION/BOSNIA-GUARANTORS

2009-08-16T18:15:50Z

Munira Babic awaits rare customers in her souvenir shop in historic Turkish quarter of the Bosnian capital of Sarajevo on August 10, 2009. Babic has been hit by the recession as many other small entrepreneurs whose businesses survive thanks to microcredit loans that have helped open and sustain over 100,000 jobs after Bosn...

Funding Your Business With Grants

2010-02-26T07:51:39Z

Most people do not know that you can get grants to help your business. These grants are usually in the form of loans that the borrower has to pay back over time, but they are much easier to get then just going directly to the bank. It?s a great way for funding your business if you are just opening up. Most people search for grant money from the Small Business Administration.<br>&a...

Business Funding Loans: Microloans

2010-02-26T07:52:42Z

Microloans are a great way for small business owners to open up their own business. If you only need a few thousand dollars to get started this is a great option for you. There are many people out there who are searching for business funding loans that are not getting approved because of a lack of credit or experience. Microloans are backed by the Small Business Administration, so it is fairly ...

Recession could boost Bosnia micro-credit sector

2010-02-26T13:24:14Z

<div><p>The micro-credit sector in Bosnia, a cornerstone of recovery from the country's devastating war, is tipped to emerge even stronger from the global recession.</p><p>Since the 1990s conflict, the Balkan state's micro-credit market has grown to serve nearly 400,000 clients thanks to generous international financial and technical support.</p>&l...

Microbank project teaches lessons in applied philanthropy, capitalism

2010-02-27T02:52:32Z

<div><p> A 27-year-old single mother in Peru needed cash to keep her modest neighborhood grocery store stocked. But the $325 loan Rosa needed was too small for traditional financial institutions to consider worthwhile.</p><p>Fortunately for Rosa, the Meadows Microbank — launched by students at the Las Vegas private school — was interested. In November ...

World poor have little access to microcredit: experts

2010-02-27T07:32:03Z

<div><p>The vast majority of the world's poor still have no access to microloans that have been hailed as a good way to eradicate poverty, experts said Thursday at an international conference in Madrid.</p><p>"More than 95 percent of the world's poor population remain far removed from any sort of financing," the chairman of the microfinance foundation of Spain...

Obama outlines agenda for summit

2010-03-02T20:36:43Z

<div id="subtitle">Obama cites microfinance, climate change as agenda items at Summit of the Americas</div><div><p>President Barack Obama is announcing a $30 million initiative to increase security in the Caribbean as a summit of Western Hemisphere democracies starts.</p><p>Obama also on Friday announced a fu...

news muhammad yunus

2009-04-20T22:24:40Z

Muhammad Yunus Microfinance pioneer Muhammad Yunus, who won the Nobel Peace Prize for his work in alleviating poverty discusses bringing Grameen America’s microfinance model to the Washington, D.C., area and promotes Grameen Health’s vision for sustainable healthcare at the NAHB Auditorium W...

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