Entries from January 2005

Microcredit success leads to larger loans

January 27th, 2005 by tom | No Comments

Microcredit success leads to larger loans

[Link to NYTimes.com article]
By Betsy Cummings
Published: Thursday, January 27, 2005
It used to be that a $50 microloan to start an embroidery kiosk or other modest enterprise was a gateway out of poverty for women in poor countries. Now, some of them are telling aid groups that that is no longer enough. Rather, they want hundreds [...]


SMALL BUSINESS; Tiny Loans Stimulate The Appetite for More

January 27th, 2005 by tom | No Comments

SMALL BUSINESS; Tiny Loans Stimulate The Appetite for More

[Link to NYTimes.com article]
By BETSY CUMMINGS
Published: January 27, 2005
Correction Appended
Photo: Bangladeshi women gathered at a home in Dhaka recently to pay installments on microloans they received from Grameen Bank, which was founded to help the poor become small-business owners. (Photo by Rafiqur Rahman/Reuters)
It used to be that a $50 microloan to start an embroidery kiosk [...]