Wednesday, December 27, 2006

Beyond Charity: Micro-Lending as Good Business

A good listen on how microfinance is evolving as well as a tribute to Mr. Yunus...

The year's Nobel Peace Prize was awarded to Muhammad Yunus and his Grameen Bank, for their pioneering work in the field of micro-finance, lending money to the poorest of the world's poor.

For the most part, the bulk of the money used in micro-lending has come from philanthropic groups.

But that is beginning to change. High-tech millionaires are providing venture capital. And mainstream investors and institutions are looking at micro-lending as a way to make money while doing good.

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