Word: institutionalizing
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That would seem to be a fantastic turn of events, transforming microfinance institutions into more sophisticated operations that can reach millions more people. In the dusty Indian village of Veeravelly, in the state of Andhra Pradesh, for example, loans from SKS Microfinance have led to a spate of small businesses...
Segmenting the industry, though, might not be so bad if it allows more of the poor to get access to credit. Let multinational corporations take the top microfinance institutions to the next level, and leave the bottom of the pyramid to development groups and regional banks. That's what Ecobank...
Back in Peru, Mibanco now offers consumer loans. It pretty much has to. "Our main business is for microcompanies, but people also want to buy a TV or a refrigerator, and we need to have the capacity to give a loan," says Llosa. "If we don't, they will go...
•A College report finds that most of the Class of 1908 spent $500 to $1,000 per year to attend Harvard. A 1909 New York Times article reports that “the popular view of expensive living at the Cambridge institution was erroneous.” The survey...
He had “a lot of sleepless nights last fall” worrying about having to start over at a new institution at age 39 with a three-year-old daughter. He told his students in an early lecture in Government 20: “Introduction to Comparative...