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Creation Investments to invest Rs. 1.68 b in Commercial Credit for 25% stake – Financial Times

Commercial Credit and Finance (COCR) yesterday announced that the Board of Directors has approved the investment of Rs. 1.68 billion in the company by way of a private placement of shares at Rs. 21 per ordinary voting share. US Delaware incorporated Creation Investments Sri Lanka LLC will be the company to which shares are to …

Tiny Loans Are Big Business Again – WSJ.com

January 28, 2014, 11:46 AM By NUPUR ACHARYA Sam Panthaky/Agence France-Presse Officials from SKS Microfinance Ltd. received a weekly installment from a borrower in a village near Ahmedabad, Gujarat, Jan. 6, 2011. Lending to India’s poor is a good business once again. Just two years ago some of India’s microfinance companies–which give tiny loans to the …

Three Myths on the World’s Poor – Gates Letter – WSJ.com

Three Myths on the World’s Poor Bill and Melinda Gates call foreign aid a phenomenal investment that’s transforming the world. By BILL AND MELINDA GATES Jan. 17, 2014 7:50 p.m. ET By almost any measure, the world is better off now than it has ever been before. Extreme poverty has been cut in half over the …