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Finding Macro Solutions for Microfinance
Small loans to give backcountry villagers a modest start toward entrepreneurship — the bright idea that brought Muhammad Yunus the Nobel Peace Prize in 2006, 30 years after he founded Grameen Bank in Bangladesh — is by now a fading ideal.
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Microcredit has been a disaster for the poorest in South Africa
The finance model was supposed to help the country's disenfranchised, but has just pushed them further into debt
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- Region
- Sub-Saharan Africa
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Kenyan businesses offer global insight
A number of business models originating in the country have offered global lessons on financial inclusion, ranging from mobile money, banking to insurance.The World Bank, in a new report titled ‘Global Financial Development Report 2014: Financial Inclusion’, cites various examples of success of various business models in the country that have helped deepen financial inclusion.
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Citi, OPIC and Bank Of Georgia Support Growth of Microfinance Sector in Georgia with $10 Million Term Funding
New York – Citi, the Overseas Private Investment Corporation (OPIC), and the Bank of Georgia announced the closing of a USD $10 million term loan to fund the growth of Bank of Georgia’s Microfinance portfolio to promote the financial inclusion of micro-entrepreneurs and small businesses in the Republic of Georgia.
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- microfinance
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Beauty as Business: Research on women entrepreneurs in India
Women’s World Banking conducted market research in North and South India to support the expansion of an individual lending program. Their goal was to understand the financial needs of micro-entrepreneurs and identify how individual loans could help them reach their business goals. In this post, they discuss the findings from one particularly promising business sector: beauty parlors.
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- Education
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Why Micro-Lending Needs A Vision Lift
For most people, the term ‘micro-lending’ connotes lending micro amounts of money to low-income people to help them build a micro-business. When entrepreneurs achieve these modest goals, everyone heaves a sigh of relief. Is this a case of being satisfied with modest goals, i.e. aim low and settle for little?
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- microfinance
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New Micro Lending Program to Pump Cash into Detroit
Amid the Motor City’s ongoing bankruptcy eligibility trial, the launch of a new lending program is likely welcomed news for Detroit small businesses.
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- microfinance
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Premal Shah: Loans That Change Lives
An interview with former PayPal product manager Premal Shah, who today heads Kiva, a global microfinance organization.
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- microfinance
