Many of the studies we’ve conducted at the Microcredit Summit have indicated a clear relationship between the impact of finance and the effect on health. There is a clear correlation, and one of the plausible explanations that microfinance leads to better health is stress. When people are in debt, suffering through poverty or going through […]
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Muhammad Yunus is known as the father of modern microfinance. His professional accomplishments include serving as the head of the economics department of Chittagong University, founding Grameen Bank, co-founding the Microcredit Summit Campaign, and most notably, winning the 2006 Nobel Peace Price. He is also the author of Banker to the Poor. Yunus remains an
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Read some of the inspiring true success stories from around the world. These heroes were able to conquer poverty and secure a better future for them and their children. All these instances show the power of how financial products can change the future. Microloans Ana-Maria from Columbia Ana-Maria was a native born in the outskirts
The Pathways out of Poverty book series contains 3 books by Sam Daley-Harris, Ann Awimbo, Gary S. Fields, Guy Pfeffermann and Benedito Cunguara. Here are links to them on Amazon. Pathways out of poverty in rural Mozambique: A panel data analysis, 2002/2005 Poverty reduction is the foremost important development goal in Mozambique. In spite of
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Microloans and payday loans are sometimes conflated, but very different types of financial products. Both are small loans to low-income individuals who typically have no credit score or access to traditional financial products. However, microloans are designed to help low income individuals start businesses, whereas payday loans are designed to give short term credit between
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Eliminating poverty is only possible if it can be measured. There are a number of poverty measurement tools like unemployment, income level, and savings. But what if you need a leading and not a lagging indicator? What if you need to compare countries? That’s where the Progress out of Poverty Index (PPI) comes in. What
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What are Microloans? Microloans, are small, short term loans extended to entrepreneurs and smal busines owners to help kickstart the company’s growth. The amount of the average microloan ranges between $500 and $50,000 in the United States. One particular type of microloan is the SBA loan, which is a business loan guaranteed by the Small
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Credit Summit is a website dedicated to exploring all financial products that can help individuals get out of poverty. Lately consumer debt has become a problem in the United States. From payday loans, to credit cards, to student loans. Thus, we have decided to focus on consumer debts that tend to entrap people into an
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