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...entrepreneurs will see higher interest rates, since the global credit crunch will likely require MFIs to raise interest rates as funding becomes more scarce. I am particularly concerned about the ramifications for women since, for many poor women around the world who are otherwise excluded from formal financial systems, access to microfinance is their only economic lifeline...
...profit institutions. They are doing so even as many microfinance institutions still rely on a guy keeping a big book with a ledger rather than a computer system. But there is a delicate balancing act that we have to maintain, because while commercialization holds tremendous promise for expanding access to microfinance services to the more than one billion people - especially women - who have yet to benefit, there is also a clear risk of mission drift. One particularly disturbing trend - since you can't talk about poverty alleviation without talking about women's economic empowerment - is a decrease in the percentage...
...amount of up to $4 billion in the month of December 2008 ... GM would look to draw up to an additional $4 billion in January to fund operating losses caused by very low levels of North American production ... If industry conditions do not improve materially, GM would access another $2 billion ... bringing the total draw to as much as $10 billion by the end of the first quarter...
...median cost for housing is dropping. The Greater Fort Lauderdale area shows a drop in its median condo prices, from $160,000 last year to $115,000 today, according to the Realtor Association of Greater Fort Lauderdale. That's good for those who have money in their pockets or access to credit. While homes in the area may be more affordable, some potential buyers are having trouble coming up with the money to purchase them. But for now, Florida's governor would be happy to help homeowners find a way to afford what they've already bought...
Value Lodging. Hampton Inn is offering 10% off rates at participating hotels Thursday through Sunday through Jan. 5, 2009, along with a $10 Visa gift card (mailed to you within a week of your stay). Rooms come with a complimentary hot breakfast and hi-speed Internet access. Plus, you'll earn 250 Hilton HHonors bonus points per stay toward rooms at any Hilton property...