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Microfinance

This category contains 18 posts

Microfinance wins the 2006 Nobel Peace Prize

Q. What is more dangerous than a celebrity with a cause? A. A celebrity with a cause and a nobel peace prize (see reason 34 for why). Thank god then that the the 2006 Nobel Peace Prize was awarded to Muhammad Yunus and his Grameen Bank – someone that actually deserved it, not someone that [...]

Microfinance – and why it may not work

Microfinance has long been declared THE solution to the problems of the poor. Like a magic wand, it would lift the poor out of poverty by giving them credit to expand their horizon of opportunity. There seemed to be plenty of cases to back up theory. And it seemed to solve, very nicely, the problem [...]

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