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Indian MFIs Have Deviated From Idea of Micro Credit: Muhammad Yunus
Microfinance institutions in India have deviated from the idea of micro credit, Professor Muhammad Yunus, chairman of Yunus Centre and pioneer of micro-credit, has said."They (MFIs) moved away from the idea of micro credit. That has created all the problems," said Yunus, in a media brefing in Mumbai. "MFIs based in Andhra Pradesh have drifted from their mission.
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- Uncategorized
- Region
- South Asia
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E+Co Announces Plans to Scale Up Clean Energy Investments
E+Co, the non-profit leader in clean energy investing in small and medium enterprises in emerging markets, announced today that it will phase out its innovations unit to solely focus on and scale up clean energy investments in developing markets.
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- Energy
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Commercial MFIs Can Make Markets Work for the Poor
Commercial microfinance institutions (MFIs) are an exemplification of making markets work for the poor. Are they indeed? A recent piece of research, comparing the lending performance of for-profit MFIs with not-for-profit MFIs, shows that though for-profit MFIs serve close to three-quarters of the market, the evidence does not seem to indicate that these MFIs lend indiscriminately when compared to their peers.
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- Uncategorized
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World Bank President Robert Zoellick Tells Board He Will Step Down June 30
World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.
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- Education
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Accion MFB Considers Customers’ Plight, Out With Low Interest Products
Accion Micro Finance Bank has come out with cheaper and low interest rate products to meet the needs of its customers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday, Guest Post: Facing the Challenges of BoP Housing in Brazil
Despite a commendable 50 percent reduction in extreme poverty levels since 2003, a cohesive low income housing strategy to eliminate an officially defined deficit of 6.7 million is severely lagging. We believe the Fez Tá Pronto Construction System presents a genuine and very necessary globally applicable paradigm shift.
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- Uncategorized
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Microfinance Project Helping Low Income Group In Singapore
An innovative MicroCredit Business Scheme (MCBS) has been launched in Singapore to help people from low-income backgrounds create a sustainable income by establishing or expanding their small businesses. The project is a pioneering initiative in Singapore that is being implement as a collaboration between POSBank (POSB), Tote Board, and the Social Enterprise Hub.
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- Uncategorized
- Region
- South Asia
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Akhuwat: Making Microfinance Work
A groundbreaking microfinance model is bringing out the best in society and bucking the trend of giving out loans that could realistically never be paid back.
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- Uncategorized
- Region
- South Asia
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