Word: morduch
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...Potential donors are worried that charity will be wasted or create dependence," says Jonathan Morduch, an economics professor at New York University. But the most influential microlenders--Yunus' Grameen Bank, FINCA, Acción International--are self-sustaining and profitable. They strip away the bureaucracy common to aid programs of governments and large foundations, and repayment rates of 97% are the norm...
Instructor in Economics Jonathan J. Morduch said the appointment brings prestige to the University...
...exciting that a member of our department has such a high position at such a young age," Morduch said. Lindsey, 37, is the youngest governor to serve on the board...
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