Who was Muhammad Yunus, father of modern microfinance?

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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Borrower Stories

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. Table of Contents MicroloansAna-Maria from ColumbiaAmit Korukonda from India SBA LoansAdriana Cagan, …

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Pathways Out of Poverty Book Series – Reviews

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. Table of Contents Pathways out of poverty in rural Mozambique: A panel data analysis, 2002/2005Pathways Out of Poverty: Private Firms and Economic Mobility in Developing …

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The differences between microloans and payday loans

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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Progress out of Poverty Index (PPI) – The #1 Poverty Measurement Resource

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. Table …

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Microloans

What are Microloans and How Do They Work?

Table of Contents What are Microloans?Are you eligible for a microloan?Is a microloan best for your business?How to get a microloan1) Formulate a thorough business plan2) Pull credit reports, increase creditworthiness3) Determine personal investment / collateral / guarantee4) Research your options5) Find a local intermediary (if applicable)6) Complete any training requirements7) Submit the applicationThe SB …

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About Credit Summit

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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