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Iskenderian: Product diversification came out of a recognition that lending alone is not the solution if our end goal is long-term poverty alleviation, which is why we in the industry no longer talk about microcredit, but microfinance. Many entrepreneurs in the developing world are only one seemingly minor catastrophe - like a hospital stay - away from financial disaster, so housing loans and insurance and savings products help create and preserve assets, leading to broader benefits for the economy as a whole. I can't tell you how many times I've heard women clients in our network...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

Iskenderian: Continuing to raise global awareness of microfinance as a viable way to invest in poor women entrepreneurs and fight poverty around the world is our overarching goal. And the focus on women is really key not only for economic empowerment and empowerment reasons, but also because of the multiplier effect on economies and communities, since women reinvest their profits back into their communities at greater rates than men. One of the products we're developing that I'm most excited about is a pilot program for savings targeting young women and adolescent girls that we're working on with...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

...wouldn't attackers do something forbidden by their religious practice - to take drugs or anything else - that could help them achieve what they consider the far more important goal of their plot in striking a blow for God?" Bruguière asks. "Adepts of the Takfir wal-Hijra sect will adopt what Islam considers impure behavior of enemy societies, like drinking alcohol, eating pork and wild living, to better prepare attacks for those same societies. That's what Mohamed Atta and the other 9/11 attackers did while plotting in the U.S. If terrorists feel jihad justifies impious acts to prepare...

Author: /time Magazine | Title: Were the Mumbai Terrorists Fueled by Coke? | 12/3/2008 | See Source »

...deserves.”Nobody knows Akpan’s ability better than Fucito. The two forwards were named the “Most Exciting Combination” in Division I Men’s Soccer by College Soccer News, and form a formidable Crimson frontline that produced 19 goals over the course of the season.With his size, Akpan is the natural target man. Whether he is holding the ball up and waiting for support or flicking the ball on with his head, Akpan is constantly creating space for his teammates. This explains the all-time Harvard record-setting...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Record-Breaking Junior Rising to the Top | 12/2/2008 | See Source »

...Martin campaign insists it is not concerned by the Obama absence. However, its concern for black voter turnout is apparent. Martin was scheduled to appear in Atlanta Monday with the hip-hop star Ludacris, the goal being to get African-American voters back to the polls. Chambliss, for his part, was scheduled to appear with Palin in four events on Monday, focusing on encouraging voters in Republican strongholds to come to the polls one last time. The Chambliss line about being the firewall against an Obama agenda is resonating with voters. According to a recent Rasmussen poll, 52% of Georgia...

Author: /time Magazine | Title: Georgia's Senate Runoff: Where's Obama? | 12/2/2008 | See Source »

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