Month: January 2005
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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,…
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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…