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Microfinance grows significantly: Report

West Bengal,Business/Economy, Tue, 19 Feb 2013IANS inShare Kolkata, Feb 19 (IANS) While microfinance institutions in Andhra Pradesh continue to be at a standstill, the industry has witnessed decent growth in the rest of the country, a report said Tuesday. During the third quarter of this fiscal, banks exhibited confidence in MFIs, a report released by …
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Savings, Loans…and Toilets: Grameen Koota’s Quest to Respond to Customer Demand

As part of our continuing series on the Universal Standards for Social Performance, Grameen Koota presents their organization’s efforts to listen and respond to client needs. At Grameen Koota, this often goes beyond traditional loan products.   Street Money Changer by Mohammad Moniruzzaman  2009 CGAP Photo Contest.     At Grameen Koota in India, efforts to meet customers’ …
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A few bad apples give microfinance a bad name – Boston Globe

 FEBRUARY 21, 2013 MICROLENDING IS one of the most effective ways to help the world’s very poorest out of poverty. Tiny loans of $10 or $20 can help struggling families start small businesses that are the difference between chronic hunger and financial success. For a subsistence farmer in Kenya, or a bicycle taxi driver in …
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Philippines Among Best Microfinance Environments

February 20, 2013, 7:21pm   The Philippines is a global leader in microfinance, having one of the best business environments for microenterprises. It ranked 4th out of 55 countries in the annual global survey “Global Microscope on the Microfinance Business Environment 2012,” released in 2012 by the London-based think-tank Economist Intelligence Unit (EIU). The Philippines …
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Microfinance Bit loans – Economist.com

Feb 18th 2013, 13:28 by L.L. | NAIROBI   WANT to get some cash at automated teller machines in Nairobi? Don’t be surprised by the guards with machine guns. ATMs attract plenty of muggers and pickpockets. Unsurprisingly, cashless transactions have been catching on fast in Nairobi and elsewhere in Africa. Microfinance organisations were among the pioneers. …
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University Of Utah Gets $13 Million For Impact Investing Center

Reuters  |  Posted: 01/29/2013 11:01 am EST By Manuela Badawy NEW YORK, Jan 29 (Reuters) – University of Utah’s school of business has received $13 million from technology entrepreneur James Lee Sorenson to establish a center to advance investment to organizations that demonstrate a benefit to society, the university announced on Tuesday. The new James Lee Sorenson Center …
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Bill Gates Hates Cash. Here’s Why. – Bloomberg

Photograph by Martin Hospach Davos   Billionaires are known for not keeping a lot of spending green in their wallets. But that’s not why Bill Gates hates cash. He hates it because of its effect on people at the opposite end of the wealth spectrum—the world’s poor and unbanked. The Better Than Cash Alliance, which was founded last …