microlending

(Newser) - After making it to the final round of six, a group of business school classmates on Saturday took home the $1 million Hult Prize, beating more than 20,000 applicants in an attempt to present a real-world solution to this problem: How can early childhood education be improved for 10...

(Newser) - When Joe Nocera heard about Starbucks CEO Howard Schultz’s plan to turn Starbucks customers’ donations into job-creating microloans, he had one thought: “God bless him,” he writes in the New York Times . Sure the government should be tackling this jobs problem, “but with an election coming...

(Newser) - Bangladesh's government fired Nobel laureate Muhammad Yunus as head of his microfinance bank today—an ignominious exit for a renowned activist whose revolutionary idea of giving out small loans lifted many out of poverty. Bangladesh's central bank ordered the 70-year-old's removal from his position as managing director, arguing that he...

(Newser) - Out of India's booming microlending industry, a dark reality. Bloomberg Markets magazine travels to the Indian state of Andhra Pradesh, which has taken on a third of the country's $5.3 billion in microfinance loans—and has seen more than 70 people commit suicide between March 1 and Nov. 19...