Microfinance - The New York Times
News about Microfinance, including commentary and archival articles published in The New York Times.
Who Is Muhammad Yunus, the Next Leader of Bangladesh?
Aug 6, 2024 · Some microfinance operators faced accusations of charging exorbitant interest rates and of predatory lending to the poor. His political party rankled some leaders.
Bangladesh - The New York Times
News about Bangladesh, including commentary and archival articles published in The New York Times.
India Microcredit Faces Collapse From Defaults - The New York …
Nov 18, 2010 · Now some Indian officials fear that microfinance could become India’s version of the United States’ subprime mortgage debacle, in which the seemingly noble idea of extending home ownership to ...
Microloan Pioneer and His Bank Win Nobel Peace Prize
Oct 13, 2006 · Dr. Yunus reacted joyously to the news of the prize, The Associated Press reported. “I am so, so happy,” he said in a telephone interview from Dhaka, the capital of Bangladesh, shortly after ...
Opinion | Sacrificing Microcredit for Megaprofits - The New York …
Jan 15, 2011 · Commercialization has been a terrible wrong turn for microfinance, and it indicates a worrying “mission drift” in the motivation of those lending to the poor.
Putting the Microsavings in Microfinance - The New York Times
May 26, 2009 · After years of working in microfinance, Catholic Relief Services now works to bring the poor into Savings and Internal Lending Communities (SILC) which are effective in large part because they are so simple.
Extreme Poverty Has Been Sharply Cut. What Has Changed?
Dec 2, 2021 · Bottom line: The U.N. goal was met. By 2015, the share of the world’s population living in extreme poverty fell to 12 percent from 36 percent in 1990, a steep decline in just two and a half decades.
Biden Moves to Open U.S. Banks to Cuba’s Private Sector
May 28, 2024 · The new rules will also make remittances to Cuba easier by reversing a measure imposed by the Trump administration that prohibited U.S. banks from processing transactions involving Cuba by sending ...
Peace Prize to Pioneer of Loans to Poor No Bank Would Touch
Oct 14, 2006 · Some in the microfinance business have questioned the Grameen Bank’s focus on serving the poorest, arguing the industry would grow faster and have more impact if it aimed at a wider pool of ...