Microcredits Go Mobile as Loans for the Poor Head towards $25bn

The Independent  
By Richard Orange in Mumbai

Microfinance – making loans of just $100 to people earning a dollar a day – was pioneered by Bangladeshi Professor Muhammad Yunus (pictured) with his Grameen Bank. So far, banks have lent to microfinance institutions, leaving them to advance money to the poor.

Subprime Lender

Wall Street Journal
By Emily Parker

In a Jackson Heights shop for colorful saris and glittering bracelets, several women have gathered to meet with their banker.
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