Search Results

176 News found

External Media  

• Microfinance Experts Criticize Mexican Bank

  Published on August 12, 2008

  

  TheStreet: During a conference call Monday from the Asia-Pacific Microcredit Summit, several advocates chastised those who charge “loan-shark” interest rates and criticized Compartamos’ initial public offering last year. Microlending should be performed by banks and nonprofits that operate within the country, they say, and better oversight is needed to ensure competitive rates and ethical collection practices.

  View this news item »

  Category: External Media

  Tags: Understanding Prices

• Nobel Laureate Muhammad Yunus Speaks Out Against For-Profit Microfinance from Asia-Pacific Microcred

  Published on August 12, 2008

  

  MicroCapital: Muhammad Yunus, the microfinance pioneer and winner of the Nobel Prize for founding the Grameen Bank, spoke out against the growing trend of commercial microfinance.

  View this news item »

  Category: External Media

  Tags: Responsible Finance

• Setting Standards for Microfinance

  Published on August 12, 2008

  

  BusinessWeek: In an effort to head off a potential crisis in the fast-expanding microfinance industry, its leaders are adopting global truth-in-lending standards and creating a system for comparing loan terms offered by competing lenders. To manage the effort, a new self-monitoring organization, MicroFinance Transparency, is being set up as the industry’s policeman.

  View this news item »

  Category: External Media

  Tags: Consumer Protection, MFT Event, Responsible Finance, Understanding Prices

• Yunus’ Bank Shot

  Published on August 12, 2008

  

  Forbes: Muhammad Yunus, lender to the very poor and winner of the 2006 Nobel Peace Prize, thinks traditional bankers could learn from his business model. Consider: for all their fee income and credit analysis, they’re the ones having the financial crisis.

  View this news item »

  Category: External Media

  Tags: Responsible Finance

• Microcredit lenders urged to improve transparency

  Published on August 12, 2008

  

  Reuters: Lenders to the world’s poor should disclose how much they charge their borrowers, a global network of microcredit agencies said on Monday, urging more transparency and greater protection of the poor.

  View this news item »

  Category: External Media

  Tags: Consumer Protection, Responsible Finance, Understanding Prices

• He’s aiding borrowers in developing nations

  Published on July 25, 2008

  

  Lancaster Newspapers: In the United States, the cost of borrowing money is stated clearly and consistently, thanks to federal law. The Truth in Lending Act requires lenders to tell customers the annual percentage rate they would pay, so customers can easily shop for the best deal. But in developing countries, it’s truly a different world.

  View this news item »

  Category: External Media

  Tags: Responsible Finance