Word: crunchings
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Dates: during 2000-2009
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...TIME: To what extent and in what specific ways is the worldwide credit crunch impacting microfinance in developing countries...
...table for their families. Microfinance doesn't target the poorest of the poor, as they need other types of intervention. It targets the economically active poor at the bottom of the pyramid. There are signs that micro-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...
...just falling prices that are causing companies to pull back. Some are worried that Democrats in Washington will soon push through regulations that will increase costs. What's more, Simmons says, the credit crunch is having an effect. "Drillers have to rely on their own cash flow, and that means some projects don't work anymore," says Simmons. "No one wants to count on bank financing...
...Antonietti vented to a friend, who told her story to Columbia Business School student and entrepreneur Michael Kopko. Eight months later, Kopko has launched a website he hopes can help college and graduate students who are feeling the loan crunch as well as kids as young as middle schoolers. On GradeFund.com, students can upload their transcripts each semester and earn money for every A. More than 750 students have signed up since the site went live Nov. 15, and the number is growing fast. (See pictures of the evolution of the college dorm...
Today is Cyber Monday, the day for shoppers to surf the Web for special deals. As more people feel comfortable making purchases online, Web retailers expect to draw a rising share of holiday purchases. But with the credit crunch and financial meltdown contributing to the massive pullback in spending, will Cyber Monday be an Internet boom or bust? "I would say bust," says Jon Vincent, founder of BlackFriday.info, an online-deal site. Analyst Ken Cassar of Nielsen Online is little more optimistic. "Cyber Monday will likely be disappointing," he says...