Word: businessese
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Yahoo! has some assets it could sell to raise money. Alibaba, the Chinese e-commerce company, and Yahoo! Japan could be worth in excess of $5 billion. Yahoo! may decide that it can buy businesses that do more to help its position as a portal and search company. In a...
Here is how Grameen is trying to establish one: on a Thursday afternoon, Medina and 10 borrowers gather in Ziomara Suarez's apartment in the northern prong of Manhattan. As the borrowers - all women, all immigrants - pack into a room with shelves full of the herbal health remedies Suarez sells...
The folks running Grameen America say that this time around results will be different because Grameen employees themselves are making the loans, not training an American bank to do it. In New York City, Shah Newaz, who started working for Grameen in 1982, hands out checks to borrowers at Grameen...
Imported talent helped Grameen rival Acción, a big player in Latin American microfinance, establish a presence in the U.S. in the early 1990s. And yet even after years of making loans to small and upstart businesses, Acción still isn't profitable - an example of the challenge Grameen faces...
Grameen America provides a fascinating lens through which to view that ideal. More often than not, the borrowers Grameen finds in the U.S. already have jobs (as factory workers or home health aides, for example) as well as side businesses - selling toys or Amway products, cleaning houses or giving haircuts...