Seen that? - Microfinance, defined
Filed in archive Best of on December 27, 2009
Microfinance, defined at Audeamus - How dare we...
(Photo from the World Bank) I've been slowly gathering links on microfinance and in that process I started to wonder how defined those words 'microfinance' and 'microcredit' and 'microloans' are. How different are these words? Are they all just saying the same thing, just in a different way? Basically, yes, but there are very different stages of microfinance around the world. In the U.S., banks that provide small business loans are [...] Read More
Microfinance Monday ... at Audeamus - How dare we...
(Photo from the UN Capital Development Fund) Clearing out some of my links on microfinance stories here today. *First, from the PSD Blog, a note on a story from the Wall Street Journal over the weekend on microfinance. PSD Blog takes particular note of Vikram Ajula who was recently named one of the 100 people shaping our world by Time Magazine. *On May 17th, a major alternative energy forum will take [...] Read More
Will Yunus doom microfinance? at Audeamus - How dare we...
According to Andrew Curry at The New Republic he will ... Yunus will be awarded a Nobel Peace Prize for his work this Sunday in Stockholm. The honor is proof that small-scale lending to "the bottom of the pyramid"--or so-called "microfinance"--has become the hottest idea for solving poverty to hit the development community in decades. But following Yunus's vision is the best way to doom a promising movement to failure. The problem [...] Read More
Microfinance and more at TJ's Weblog
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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Tags: microfinance social new republic economic development bootstrap philanthropy more microfinance+defin
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