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Helping the poor just got popular

Helping the poor just got popular . By Sophia Grene,  Published: November 8 2009, Financial Times . Since Muhammad Yunus won the Nobel prize in 2006 along with the Grameen Bank he founded for the poverty-bound entrepreneurs of Bangladesh, microfinance has entered the consciousness of the investment community. . The concept of lending small amounts …
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The Berlin Wall of Aid: When Will It Fall?

The Berlin Wall of Aid: When Will It Fall? Top-down economic development in Africa hasn’t worked. Here’s an alternative. . By GLENN HUBBARD, Wall Street Journal – November 9, 2009 . On November 9, Germany and the world will celebrate the 20th anniversary of the fall of the Berlin Wall. The fall marked the end …
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Microfinance Mission Drift?

Microfinance Mission Drift? . By Roy Mersland and R. Øystein Strøm, published by Elsevier Ltd, July 2009 . This paper studies the tendency of microfinance institutions (MFIs), as they grow, to cater to groups that are different from those normally considered to fall under the “mission” of microfinance. Generally, this mission includes serving low-income people …
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Microlending in India Continues Macro Growth

OCTOBER 26, 2009 . Microlending in India Continues Macro Growth . By KETAKI GOKHALE . NEW DELHI — Despite last year’s global financial meltdown, the microfinance industry has continued to boom in India because of an influx of private equity and bank funding, according to a new study. . AFP/Getty Images. An Indian fisherman throws …