Word: sectoral
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Whatever its limitations, supporters of the microcredit sector say its power to help individuals is real. "Women who come out of poverty spend extra income on health care, housing or sending their children to school," says Gowher Rizvi, a former Ford Foundation exec who gave Grameen its first grant. "That's worthwhile if it's even one family." Back in Ecuador, Penafiel was able to pay back his Kiva.org loan five months later, and had a little left over to cover his six kids' school fees. It isn't quite the American Dream, but it's a start...
...modest-sized hurricane that we turned into a national catastrophe by not being able to combine capabilities of the private and public sector,” said Leonard...
...Consider, for example, the transformation of Brooklyn-bred Rudy into an honorary Texas oil lawyer. From the start of their private-sector days, Giuliani and his associates were intent on joining a law firm in addition to running their consulting business. It made sense: before he was mayor, Giuliani was a senior official in the Reagan-era Justice Department. His subsequent flashy tenure as U.S. attorney in New York launched his political career. As he explained in an interview with a Texas newspaper last year, "About three-quarters of the people in Giuliani Partners are lawyers, and we always wanted...
...villagers like Olivia Mendoza, Bautista's aunt, decided to invest remittances in something more productive than pickup trucks and wide-screen TVs. "It was time to use that treasure to find ways to bring our families back together," says Mendoza, 40. With help from the Association of Mexican Social Sector Credit Unions (AMUCSS), they pooled $170,000 and set up Xu Nuu Ndavi. One of its first business-starter loans, about $5,000, went to Mendoza's husband Daniel, 45, whose carpentry shop now employs Alberto and two other locals. Their buddy Modesto Ramos, 33, another returned migrant worker...
Robertson family members, who hold three seats on the Foundation’s seven-member board, claim that the original donor intended for the money to be used to support the Woodrow Wilson school’s graduate program and help place its graduates in public-sector jobs. They said that Princeton has continually mishandled the Foundation’s endowment and are demanding a $207 million payback...