The work of spreading microcredit through the developing world has improved millions of lives.
The microcredit model has been emulated in 50 countries around the world, including America.
He devised the concept of rural microcredit, the practice of making small loans to individuals without collateral.
Grameen Bank is a microcredit organization that strives to fight poverty via small loans to impoverished Bangladeshi populations.
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Erica Field of Harvard University, was first to speak on the traditionally rigid nature of most microcredit loans.
Recognizing the tremendous economic value bikes provide these villages, BAP created an effective microcredit system to deliver them.
Rural industries have long been starved of credit, though their needs are better met by microcredit lenders than private banks.
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They received the majority of microcredit loans, using them to launch entrepreneurial ventures, many of which thrived in later years.
Ban said countries must also expand microcredit to small farmers, minimize trade barriers and tariffs, and boost investment in agriculture.
She was active in developing micro-finance two decades before Muhammad Yunus and Grameen bank shared the Nobel Peace prize for microcredit.
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Yet in tsunami-hit Sri Lanka, where there was a large existing microcredit network, it has played a big if controversial role.
The country as a whole has seen a spurt in microcredit, overtaking, in the number of borrowers, Bangladesh, the global movement's fountainhead.
Tourism opportunities and jobs are also being created via the construction of a model lodge and a microcredit system, among other initiatives.
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Organized microcredit emerged in the 1970s in places like Bangladesh and Indonesia.
One candidate to fill it is Muhammad Yunus, a Nobel-prize-winning microcredit pioneer.
His Thai Rak Thai party, whose policies of cheap health care and microcredit had won strong support from rural voters, was subsequently dissolved.
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Nongovernmental organizations have offered special assistance to women, including microcredit schemes.
He revealed that while some microcredit loans are being used for entrepreneurial purposes, a significant percentage of those loans also go towards paying down other debts.
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It is galling to Mr. Guest that many well-meaning people are more invested in promoting ideas like Third World microcredit than in clamoring for easier immigration.
After winning independence from Pakistan, Bangladesh has probably fared better than Pakistan in areas of microcredit lending, grassroot development, voluntary birth-control, female education and press freedom.
Michelsen Institute conducted a survey of microcredit clients in Luanda.
Borrowing, as the proponents of microcredit point out, is expensive.
Mr Thaksin is particularly popular in rural areas, such as the north-east, where his microcredit and health-care schemes helped the poor so much that the present government is extending them.
Following him, Abhijit Banerjee, Professor of Economics at MIT, introduced a study that found that access to microcredit actually caused a reduction in consumption among those with entrepreneurial aspirations.
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Muhammad Yunus, a Nobel-prize-winning microcredit pioneer, seen as a potential saviour earlier this year when he announced plans to enter politics and launched a new party, has walked off the pitch.
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Among the MFIs' biggest critics is Budithi Rajsekhar, boss of the Society for Elimination of Rural Poverty, an arm of the state government formed in 2000 to run its own microcredit programme.
The whole family dynamic, placed under stress by dislocation and dereliction, had been transformed by the confidence that one woman had built from joining with other women to address their needs through microcredit.
An extraordinary, somewhat headstrong, woman who lived most of her adult life in Indonesia, she probably could have won a Nobel Peace Price for her work in microcredit, if she had been better known.
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"Microcredit groups have had a significant role in Bosnia and Herzegovina in the postwar period, increasing income levels, reducing poverty, developing businesses and stimulating employment, " says Kemal Kozaric, governor of the country's central bank.
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