Beyond Charity: Microlending As Good Business
The year's Nobel Peace Prize was awarded to Muhammad Yunus and his Grameen Bank, for their pioneering work in the field of microfinance, lending money to the poorest of the world's poor.
For the most part, the bulk of the money used in microlending 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 microlending as a way to make money while doing good.
Related NPR Stories
Young Donors Turn to Micro Loans Dec. 23, 2006
Nobel-Prize Winner on the Power of Microcredit Nov. 21, 2006
The Economic Fruits of a 'Microcredit' Laureate Oct. 13, 2006
Loan, Bank Work Bring Nobel Prize to Bangladeshi Oct. 13, 2006
Microcredit Pioneers Win Nobel Peace Prize Oct. 13, 2006
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.