Report: The World's Top 50 Microfinance Institutions

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Dec 2007
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United States, December, 20 2007 - Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses. Report includes a ranking and four related articles (Microfinance Fever, Profit and Poverty, Changing Microfinance Funding, Let Me In)

Full story available on publisher's website.


Source : Forbes
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