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Latest Microcredit Stories

2010-07-01 07:00:00

BEIJING, July 1 /PRNewswire-Asia/ -- China Construction Bank (CCB) and leading online wholesale marketplace DHgate.com yesterday signed a strategic cooperation agreement, marking the beginning of a pioneering microloan initiative. The initial phase of this partnership will see the joint development of a new line of credit products designed to help China's international export-oriented small and medium enterprises (SMEs) overcome financing barriers. The "eMicro" network of credit...

2010-06-15 01:01:35

A nation's economy plays a surprisingly large role in the success or failure of microfinance "“ the practice of making small loans to farmers or business owners too poor to provide collateral, according to a study led by a Michigan State University economist. The research, published in the Journal of Development Economics, is the first to examine the relationship between microfinance institutions and the larger economy. The findings could help lenders establish more successful...

2010-04-22 13:00:00

SAN DIEGO, April 22 /PRNewswire/ -- Archivalife(TM) is helping women in poverty this Mother's Day by donating $10 to the Foundation for Women for each memory keeper album purchase, and donating $100 for every 100 Facebook "likes." The donations will help eliminate global poverty by providing microcredit loans to widows in Liberia. ArchivaLife is also offering free shipping now through May 31 for customers entering the promotion code found on the ArchivaLife Facebook page,...

2010-04-15 09:00:00

A portion of the proceeds from this author event will be donated to Fonkoze, Haiti's alternative bank for the organized poor WASHINGTON, April 15 /PRNewswire-USNewswire/ -- Perry Hooks and Loretta Yenson, Co-Founders of Hooks Book Events, are pleased to partner with the Ronald Reagan Building and International Trade Center and Robert H. Smith School of Business at the University of Maryland to announce an exclusive book-signing event with internationally renowned, best-selling author...

2010-03-29 01:00:00

FRANKFURT and WASHINGTON, March 29 /PRNewswire/ -- LeapFrog Investments, the world's first microinsurance fund, announced today that it has surged past its $100 million target capitalization, months ahead of schedule. The fund invests in high-growth, high-impact insurance and financial services companies in countries including India, the Philippines, South Africa, Kenya, and Ghana. LeapFrog's dual aims are to deliver strong returns for its investors and to bring affordable insurance to 25...

2010-01-25 10:03:00

BOSTON, Jan. 25 /PRNewswire/ -- ACCION® International, a pioneer and leader in global microfinance, announced today that Brazilian President Luiz Inacio Lula da Silva has approved its application to establish ACCION Microfinancas, a new microfinance organization in the state of Amazonas in Brazil's remote northern region. It was in Recife, Brazil that ACCION first pioneered the concept of microlending, in 1973. Joining ACCION as an equity partner in the new venture is...

2010-01-21 19:26:00

WASHINGTON, Jan. 21 /PRNewswire-USNewswire/ -- The Microfinance Information Exchange, Inc., a business information and data services provider for the global microfinance industry, announced the release of the latest issue of The MicroBanking Bulletin, the industry journal of microfinance performance. This issue of the MicroBanking Bulletin features financial and performance benchmarks from 1,084 MFIs (microfinance institutions) throughout Asia, Africa, the Middle East, Eastern Europe and...

2010-01-20 17:47:00

AUSTIN, Texas, Jan. 20 /PRNewswire-FirstCall/ -- Whole Foods Market, a leader in natural and organic foods, announced today that its customers at 289 stores in the U.S., Canada and the U.K. have donated $1 million to several relief efforts in Haiti since January 14. "Whole Foods Market has seen first-hand the big hearts of its customers during difficult times like these and we are so amazed at their generosity," said A.C Gallo, co-president and chief operating officer of Whole Foods...

2010-01-20 12:00:00

Latest Release of Open Source Software for Microfinance Includes Support for Spanish and Firefox 3.0 Browser and Interface for Banking Systems SEATTLE, Jan. 20 /PRNewswire-USNewswire/ -- Grameen Foundation announced today the latest release of Mifos, its award-winning open source software platform for microfinance. Mifos 1.4 is the first version available in Spanish and also provides support for Firefox 3.0 and integration with banking and other systems. This marks a significant step...

2009-12-02 13:46:00

Inaugural Microfinance Leadership Summit focuses on helping microfinance institutions reach more of the world's poor through technology. WASHINGTON and SEATTLE, Dec. 2 /PRNewswire-USNewswire/ -- Grameen Foundation and Microsoft Corp. today announced a joint initiative to help accelerate microfinance's impact on poverty alleviation through the strategic use of technology. This initiative will kick-off today at the inaugural Microfinance Leadership Summit in Manila, the Philippines, where...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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