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Indian micro-credit crisis puts poor women in a bind

By Rama Lakshmi, Published: April 26 Budhavaripeta, India — Husaina Abdul Nabi turned to micro-credit companies in the past six years to buy a noodle-making machine, pay her disabled husband’s health bills and send her children to school. But a crisis in India’s private micro-credit industry — fueled by a spate of suicides blamed on abusive …

Microlending has helped make BTPN one of Asia’s most profitable banks – Economist

Indonesian microfinance -Rich pickings Apr 20th 2011 | Jakarta | from the print edition MENTION microfinance in Asia and thoughts usually turn to India, which is struggling to regulate the industry, and Bangladesh, where Muhammad Yunus, the Nobel prize-winning founder of Grameen Bank, has been turfed out of his job. Indonesia offers a brighter picture. …

How For-Profit Lenders Are Serving Microentrepreneurs

Mar 2011, Gomez, L. & Edgcomb, E. Examining the microenterprise finance landscape in the U.S The paper examines the landscape of financial access for microenterprises in the U.S. in the aftermath of the financial crisis. It observes that the funding scenario has changed drastically after the crisis. As funding dried from traditional sources, a number …

Poor still benefit when microcredit reaps megaprofits

Michael Green From: The Australian April 05, 2011 12:00AM IS it right to profit from the poor? This question has sparked a civil war in the business of microcredit – making small loans to the poor in developing countries – and badly tarnished the image of what had been seen as a rare success story …

To Catch A Dollar: A Sundance Movie Review

Michelle Malsbury, BSBM, MM April 01, 2011 Last evening I had the privilege of seeing this wonderful movie about Grameen Bank and Mohammed Yunus. It was called “To Catch A Dollar”. In 2008 Mohammed Yunus won the Nobel Peace Prize for microfinance. His groundbreaking work with Grameen Bank sets him apart from most financiers. However, …