TITLE

Microfinance Fever

AUTHOR(S)
Swibel, Matthew
PUB. DATE
January 2008
SOURCE
Forbes Asia;1/7/2008, Vol. 4 Issue 1, p66
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on trends in microfinance investing in different countries. Microfinance investing can be a little less passive than the average open-end fund. The idea gained attention when Muhammad Yunus won the 2006 Nobel Peace Prize. His Grameen Bank, founded three decades ago in Bangladesh, has $521 million outstanding on loans to small businesses in poor countries. As many as half of the world's 3 billion poor may be eligible for microloans. Average loan sizes vary from $100 in India to $1,530 in Bolivia.
ACCESSION #
28394153

 

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