Word: microcredit
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...years of microfinance has provided reassuring success stories—from Yunus’ own in Bangladesh to the 3,200 microcredit institutions that had sprouted up around the world by the end of 2004. It is a strategy that American corporations are slowly catching onto. Many see it as a way for companies to signify their commitment to social responsibility, highlighting a humane effort to change their ruthless reputations. And, it may be successful at helping to do just that...
...Bangladeshi economist Muhammad Yunus began making tiny loans to the rural poor. The success of his charity led him to found Grameen Bank, pioneering microcredit. Yunus spoke to TIME's Ishaan Tharoor last week, moments before learning he and Grameen had won the 2006 Nobel Peace Prize...
When did the microcredit idea dawn...
Absolutely--58% of the poor who borrowed from Grameen are now out of poverty. There are over 100 million people now involved with microcredit schemes. At the rate we're heading, we'll halve total poverty by 2015. We'll create a poverty museum...
...absolutely: 58% of the poor who borrowed from Grameen are now out of poverty. 2005 was declared the Year of Microcredit and there are over 100 million people now involved with microcredit (programs). At the rate we're heading, we'll halve total poverty by 2015. We'll create a poverty museum...