Microfinance, defined at Audeamus – How dare we…
Curtis sends in this very interesting community site that discusses how to use the tools of economic development most effectively. One of the topics in favor lately is certainly Microfinance: "The microfinance sector is evolving from being predominantly grant driven to a stage where it is looking forward to attracting commercial capital. MFIs have been successfully utilizing commercial debt funds and are increasingly looking forward to commercial sources of equity. In the [...] Read More
Bootstrapping a life at BootStrapMe
John Casper at MSN Finance has these observations about A Million Bootstraps, the book on microcredit philanthropy from Tulsa business man Phil Smith and microcredit guru Eric Thurman. Microcredit, loosely defined, can be described as: …getting small, short-term loans into the hands of people who wouldn't otherwise have access to capital, and showing them how to use that capital to lift themselves out of poverty. Here are the highpoints from Casper's observations: • Microloans [...] Read More
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