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Posted on July 3, 2009
Yunus: Time to undo the wrong things…
Muhammad Yunus, father of microfinance
A crisis is a terrible thing to waste, shrewd financial investors often say while trying to rake a fortune from the rebound after market crashes.
Muhammad Yunus, father of microfinance, appears to agree with the investment gurus as well.
But rather than seeking to enrich himself, he reckons the ongoing financial storm as an opportunity to build a new framework for dealing with perennial problems like food, energy and environmental crises.
“We all agree this is the worst crisis, but I also see its as a tremendous opportunity,” the 2006 Nobel Peace Prize winner said at the opening ceremony of the Global Think Tank Summit in Beijing yesterday. “This is a lifetime opportunity to undo the things we have done wrong.”
(more…)
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MiFi Editorials
Recycle to Eradicate Poverty
The MiFi Report is excited to present you with a program that celebrates the last two Nobel Peace Prize concepts: environment and microfinance. Electronic waste like cell phones pollute the environment (up to 35,000 gallons of water per phone) and microfinance has been proven to be an effective poverty alleviation tool. In response to these issues and as a [...]
MiFi Editorials
2009: The Year that 2008 Catches Up to Microfinance?…
Source: http://www.mykro.org/2009-the-year-that-2008-catches-up-to-microfinance/2009/02/
Just about every week, someone will write a piece on microfinance and the effects the worldwide credit crisis will have on the sector. Most journalists and experts alike are optimistic that microfinance will weather the storm and could even be “the answer” to the international investment predicament we are slipping further and further into [...]
MiFi Editorials
FAQs on Microfinance
This interview was undertaken in Cape Town, South Africa between the co-founders of The MiFi Report, Nick Soper and James Beshara.
Nick: Could you describe Microfinance in one sentence?
James: Microfinance is the practice of providing the financial tools that you and I take for granted every day, such as credit, savings, insurance, etc., to those affected by extreme poverty.
Nick: Can [...]
MiFi Editorials
The MiFi Report Officially Launches! Aug. 21, 2008.
Welcome everyone to the world’s finest news site for everything microfinance. The MiFi Report was founded by James Beshara and Nick Soper out of Cape Town, South Africa as the first microfinance information site directed toward both the casual reader and the MFI experts alike.
Enjoy the site, and feel free to send feedback straight to [...]
