microfinance
Local need may draw microfinance bank
Could a local branch of Grameen Bank work here in Champaign-Urbana?
Grameen America, the microfinancing organization for the poor, announced it has entered into discussions with Champaign developer Peter Fox about establishing a branch of Grameen Bank in East Central Illinois.
Man started bank that provides loans to the poor
“Not credit-worthy.”
That is what the local bankers told Muhammad Yunus when he met with them in Bangladesh over 30 years ago to ask them why they would not loan to the poor in the village of Jobra.
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