Word: profits
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...savings account, but no fees are charged, and customers can withdraw their money any time after three months. Since the program launched in August, Azizi has drawn $20 million in Qismat deposits alone, capital that it can in turn lend to its less religious banking customers, at a profit. "That's another $20 million mobilized in the economic cycle of the country," says Dayani. "People are coming who have never seen a bank before. They are pulling their money from under the floorboards and we are putting it into circulation through loans." But the ADB's Fazil worries that...
Colorful shawls and exotic necklaces replaced students’ laptops at the David Rockefeller Center for Latin American Studies (DRCLAS) this weekend during a benefit bazaar sponsored by Cultural Survival, a non-profit organization that advances the rights of indigenous people across the globe. The smell of Tibetan curry permeated the air against the backdrop of cool Caribbean rhythms as locals weaved through the stalls staffed by 38 vendors from around the world. Agnes Portalewska, the special events and membership coordinator of Cultural Survival, said that the merchants donate 40 percent of their sales to the organization, amounting to between...
Consulting and investment banking aren’t the only jobs that interest Harvard students. A job fair advertising opportunities with non-profit organizations, many focused on international development, drew hundreds of students on Friday. The event—organized by IMPACT, a Harvard group dedicated to raising funds for grassroots projects in developing countries and cosponsored by the Boston Network for International Development—featured representatives from 17 different organizations, including the American Red Cross and the U.S. State Department. IMPACT co-director, Anna E. Fogel ’07, said that she was excited about the success...
...need to listen to voices other than those who insist that economic activity must be curtailed. The way forward lies in increased wealth, better standards of living and less taxation. If we seek economic sustainability, we should adopt the motto "If an economy can't make a decent profit, it's not sustainable." Terry Milton Guildford, England
...campaign Web site, Petersen said that if FAS doesn’t repeal the tax, he would incorporate the UC as a non-profit umbrella organization as a way to allow student groups to bypass the gift...