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Does Microfinance Break the Cycle of Poverty?
The story of microfinance has always been compelling in its simplicity: A poor entrepreneur receives a loan. The loan enables her to purchase equipment or goods. She is then able to sell or increase sales of homemade clothes or fresh fruit. The new or increased sales bring in more income which she uses to pay Read more…
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Tagged Calvert Foundation, Chicago Microfinance Conference, FINCA, Loans, Mennonite Economic Development Associates, Microfinance, Mobile Banking, Opportunity International, OptINnow, Poverty, Savings, ShoreCap Exchange, Students, University of Chicago, Women, Women's Opportunity Network, Women's Philanthropy, WON
Tagged Calvert Foundation, Chicago Microfinance Conference, FINCA, Loans, Mennonite Economic Development Associates, Microfinance, Mobile Banking, Opportunity International, OptINnow, Poverty, Savings, ShoreCap Exchange, Students, University of Chicago, Women, Women's Opportunity Network, Women's Philanthropy, WON
Heartbreaking Effects of Typhoon Ketsana on our Clients & Staff in the Philippines
The capital city of the Philippines, Manila, has been devastated by typhoon Ketsana during this past week. The storm dumped as much rain on the city as fell on New Orleans during the Katrina hurricane in 2005. One month’s worth of rain fell on the city in the space of just 12 hours on Saturday, Read more…
The Most Famous Person You’ve Never Heard of
Gurdev Khush and Sant Virmani with Nobel laureate Dr. Norman Borlaug (Center) Not many Nobel Peace Prize winners remain unknown in their home country. What is more surprising is that an estimated one-sixth of the world’s population is alive because of a man virtually invisible in the U.S. “Though barely known in the country of his Read more…
