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Latest Microcredit Stories

2010-11-03 00:00:41

Nobel Laureate Muhammad Yunus Joins mHealth Alliance Board Inventor of micro-credit and leader in helping the world's poor joins mobile health group Dhaka, Bangladesh and Washington, DC (Vocus) November 2, 2010 The mHealth Alliance, a group that is leveraging the growing reach of wireless technologies to support improved health delivery and outcomes in underserved communities today announced the appointment of Professor Muhammad Yunus, founder of the Grameen Movement and winner of the 2006...

2010-10-14 13:13:00

WASHINGTON, Oct. 14 /PRNewswire-USNewswire/ -- The Clinton Bush Haiti Fund today announced nearly $1.5 million in new grants that will further help individuals, families, communities, and enterprises achieve their full potential in post-earthquake Haiti. With a focus on longer-term reconstruction - especially job creation and the promotion of economic opportunity - the Clinton Bush Haiti Fund continues to work toward a more vibrant, decentralized, inclusive, and competitive economy in...

2010-08-11 07:30:00

JACKSONVILLE, Fla., Aug. 11 /PRNewswire-FirstCall/ -- FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: "FT4," A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today issued an update related to its prepaid microfinance card program currently being offered to micro-lending institutions in South Africa, which provide small business and personal loans to business owners and individuals. As addressed in...

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...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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