Tag: microloans
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Seattle center develops tech for poor people
Computerworld: Seattle center develops tech for poor people The first question many people asked when Nobel Peace Prize winner Muhammad Yunus proposed the Village Phone idea was: Who will they call? Village Phone is the project that turns primarily poor women in developing countries into entrepreneurs by offering them micro-loans to buy a cell phone…
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Kiva to make microloans inside the U.S.
SFGate.com: Kiva to make microloans inside the U.S. The San Francisco non-profit has arranged microloans for borrowers in Africa and other parts of the developing world since 2005. Now it will also serve borrowers in the U.S. Kiva's lenders loan small amounts of money — the average loan size is $416.09 — to entrepreneurs who…
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What Microloans Miss
New Yorker: What Microloans Miss Excellent article on both the benefits and limitations of microloans. … Microloans make poor borrowers better off. But, on their own, they often don’t do much to make poor countries richer. This isn’t because microloans don’t work; it’s because of how they work. The idealized view of microfinance is that…
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Father of microloans sees end to poverty
Seattle Post Intelligencer: Father of microloans sees end to poverty Envision a world with poverty museums — places where children would go to learn of a dismal way of life extinct, of malnourishment, illiteracy and premature death. When 2006 Nobel Peace Prize winner Muhammad Yunus mentioned the concept Tuesday in speeches at the Microsoft campus…