Latest Microcredit Stories

Grassroots Women’s Groups Target Witch Hunts
2012-09-04 10:31:04

Witch hunts are common and sometimes deadly in the tea plantations of Jalpaiguri, India. But a surprising source — small groups of women who meet through a government loan program — has achieved some success in preventing the longstanding practice, a Michigan State University sociologist found. Soma Chaudhuri spent seven months studying witch hunts in her native India and discovered that the economic self-help groups have made it part of their agenda to defend their fellow...

2011-12-15 08:00:00

Supporting 2,000 students in 12 countries, Seattle non-profit recognized for Empowerment through Technology. Seattle, WA (PRWEB) December 15, 2011 Efforts to increase global access to education received a big boost today: Google.org, making $40 million in end of year grants across three categories, announced that it will support Vittana, a non-profit that combines the massive reach of microfinance with the transformative power of education by building the worldâs first student...

2011-10-21 11:00:00

O.N.E. Coconut Water today announced it is donating $10,000 to nonprofit Whole Planet Foundation to help alleviate poverty worldwide. The companyâs contribution will help fund the Foundationâs mission to provide poor entrepreneurs in developing countries with a chance to lift themselves out of poverty through micro-credit. Los Angeles, CA (PRWEB) October 21, 2011 O.N.E. Coconut Water today announced it is donating $10,000 to nonprofit Whole Planet Foundation to...

2011-07-27 00:01:21

Customized electronic reporting capabilities enable microfinance institutions to cost-effectively meet escalating regulatory requirements in any jurisdiction. Salt Lake City, UT (PRWEB) July 26, 2011 Kredits, a leading provider of software and technology solutions for microfinance institutions ("MFIs"), announced it has entered into bilateral agreements with MFI clients and regulators across multiple regions in order to provide the microfinance industry's first multi-jurisdictional...

2011-06-11 09:10:00

Yale University economist says microfinance yields surprising results Small loans, somewhere in the neighborhood of $100 to $500 dollars, are an increasingly popular weapon in the fight to reduce poverty. Called microcredit, institutions dole out these monetary advances to help extremely poor people engage in successful entrepreneurship and improve their quality of life. While proponents extol its virtues, researchers look for evidence; they want to know if it works. Does it really increase...

Word of the Day
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".