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NEWS ABOUT: microlending

Our Best Hope for New Jobs: Starbucks

Joe Nocera on Howard Schultz's excellent job creation program

(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... More »

Bangladesh Ousts Nobel Laureate From Job

Muhammad Yunus ordered to leave as head of his bank

(AP) - 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... More »

India's Microloans Spur a Rash of Suicides

'This is unrestrained consumer lending gone wild'

(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... More »

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