MICRO-FINANCING WITH A SOCIAL FOCUS LIFTS MARGINALISED COMMUNITIES OUT OF POVERTY TO THRIVE
Giving the poor access to affordable financial services enables them to seize livelihood opportunities, manage cash flow spikes, and mitigate risks. The 2006 Nobel Peace Prize recipient, Muhammad Yunus, pioneered the concepts of microcredit and microfinance, founding the Grameen Bank in Bangladesh. By July 2007, Grameen had issued US$6.38 billion to 7.4 million borrowers Providing small loans … Continue reading MICRO-FINANCING WITH A SOCIAL FOCUS LIFTS MARGINALISED COMMUNITIES OUT OF POVERTY TO THRIVE
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