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Latest Microcredit Stories

2009-11-09 08:42:00

NEW YORK, Nov. 9 /PRNewswire-USNewswire/ -- Nine-time X Games Gold Medalist and Rally legend, Travis Pastrana, is ready to rev up the movement to race to end poverty on this planet. Pastrana, who is already a Rally Racing Champ in America, has entered his endorsement of car #20, Race4Change (www.race4change.org), in the East African Safari Classic - one of the toughest rallies in the world. He joins the efforts of Race4Change in raising awareness, on an international level, about...

2009-10-27 08:30:00

Ingenuity Fund Will Inspire Advocates to Engage Networks, Support Fight Against Global Poverty WASHINGTON, Oct. 27 /PRNewswire-USNewswire/ -- Grameen Foundation today launches a new online awareness campaign to activate supporters, raise awareness of pressing global poverty issues, and increase online donations by one million dollars in the next year. The funds will help the world's poorest, especially women, improve their lives and escape poverty through access to microfinance and...

2009-10-08 12:38:00

WASHINGTON, Oct. 8 /PRNewswire-USNewswire/ -- Does loan product mix affect the performance of a microfinance institution? "Consumption, Commercial or Mortgage Loans: Does it Matter for MFIs in Latin America?" a new research study from The Microfinance Information Exchange, Inc. (MIX) seeks to answer that question. The paper uses data MIX collected on credit types from 322 MFIs throughout Mexico, Central and South America and the Caribbean. The research paper is available at...

2009-08-03 08:37:00

LOS ANGELES, Aug. 3 /PRNewswire/ -- Today, The Green Children announced their global campaign of a mission through music with the help of Whole Foods Markets and the Whole Planet Foundation. The partnership assists disadvantaged countries in advancing financially through microcredit -- a lending program designed to promote entrepreneurship and monetary growth. With the release of multiple singles, including their highly anticipated song, "Hear Me Now," available via iTunes, The Green...

2009-07-15 13:03:00

Issue focuses on the impact of the global economic crisis on microfinance WASHINGTON, July 15 /PRNewswire/ -- The Microfinance Information Exchange, Inc. (MIX) announced the release of the latest issue of The MicroBanking Bulletin. Issue 18 of the MBB focuses on the impact of the global economic crisis on microfinance institutions and their clients, with benchmark trend lines from MFIs (microfinance institutions) from 2005 - 2007, a robust data set that covers performance and financial...

2009-05-14 11:12:00

New Book Recommends Expansion of Microfinance and Better Financial Tools NEW YORK, May 14 /PRNewswire/ -- Billions of people around the world live on less than $2 per day -- what many in the developed world easily spend on a cup of coffee. As global leaders work to stabilize the financial systems of the world's largest economies, they also have an unparalleled opportunity to include poor households in meaningful reform that expands access to those who need it most. It may seem nearly...

2009-04-30 09:00:00

Donation Coincides with May 1st Publication of Dr. Saban's New Book WHAT IS YOUR SELF-WORTH? A Woman's Guide to Validation LOS ANGELES, April 30 /PRNewswire/ -- Author, psychologist, philanthropist and family advocate Cheryl Saban, Ph.D. is pleased to announce that her newly formed Women's Self Worth Foundation will grant ten million dollars to charitable organizations for the aiding, advancement and empowerment of girls and women. The Foundation's first one million dollar grant has been...

2009-04-10 10:57:00

Solutions on display at news conference and panelists to demonstrate how life-saving care is possible through inexpensive means WASHINGTON, April 10 /PRNewswire/ -- A $25 "sleeping bag" incubator, a low-cost wheel chair made from repurposed bicycle parts and mobile phone games for AIDS/HIV education will be among the 40+ innovations on display at the Extremely Affordable Health Innovations exhibit and press conference, Wednesday, April 15, 12:30 p.m. at the World Health Care Congress in...

2009-02-26 07:00:00

Microcredit Interest Rates Generally Reasonable WASHINGTON, Feb. 26 /PRNewswire-USNewswire/ -- Concerns that microcredit interest rates are unjustifiably high don't find much support in the available data, according to a new research report by CGAP, the global microfinance resource center. Microfinance institutions (MFIs) need to charge higher rates than normal banks do because their tiny loans entail higher administrative expenses, and because they cannot borrow their funding as cheaply as...

2009-02-24 09:00:00

OAK BROOK, Ill., Feb. 24 /PRNewswire/ -- Opportunity International today announced it has received a $4.5 million grant from Omidyar Network. Opportunity will use the grant to design, create and implement new electronic and mobile banking technologies that will reduce transaction costs and make microfinance services available to more people in Sub-Saharan Africa. Omidyar Network, a philanthropic investment firm started by eBay founder Pierre Omidyar and his wife Pam, has committed...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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