Mohammed Yunus, the founder and chief executive of Grameen Bank in Bangladesh has handed his position over to his deputy, Nurjahan Begum. Mr Yunus and his bank, which supplies microfinancing to beginning enterpreneurs in cash-strapped...
The financial sector should be streamlined to make microcredit loans even more affordable, Princess Máxima of the Netherlands told RNW. She was speaking on a visit to Senegal, where microfinancing has become extremely popular, as it...
Bangladesh microfinancier Muhammad Yunus has been released on bail after appearing on libel charges before a judge in Mymensnigh, near Dhaka. He had been accused of slandering a number of Bangladeshi politicians in a 2007 interview with...
Micro financing consultant Stefan Platteau says that in Nicaragua, microcredits are increasingly leading to financial problems. One of the root causes is reportedly the aggressive selling tactics of microfinance institutions that grant big...
The suicides of more than 30 farmers in southeast India have rocked the world of microfinance. The farmers were reportedly deep in debt to microfinance institutions (MFIs). Measures were announced immediately, but who will monitor...
"Microfinance is a poverty trap". At least that's the argument Milford Bateman makes in his book, Why Doesn't Microfinance Work? The Destructive Rise of Local Neoliberalism. RNW's Eric Beauchemin has made a number of videos about...
It’s logical for profitable microfinance institutions (MFIs) to prefer prosperous customers, because they bring in more money. But to refuse needy clients is going too far. Dutch economist Pim Engels is calling for a return to...
There is a lot of money to be made in the world of microfinance. At a conference hosted by Radio Netherlands Worldwide earlier this year, Princess Máxima of the Netherlands had harsh things to say about the phenomenon. She warned...
Due in part to urgings by Princess Máxima, three big banks and the Bank for Dutch Councils (BNG) are setting aside 30 million euros for microfinance in the Netherlands. It’s a move that will make it possible for hundreds of...
“Now, ten years later, I think we’re on the right track.” Imane Al-Majali has a daughter, Jumana, with a handicap. Jumana suffers from growth problems and learning difficulties. Even so, Imane wanted her to go to a normal...