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Microloans Championed By Nobel Laureate Top 110 Million

Washington, DC, November 1, 2006—Three weeks after the Norwegian Nobel Committee announced that Bangladeshi economist Muhammad Yunus and the bank he founded thirty years ago won the Nobel Peace Prize, the Microcredit Summit announced that more than 113 million clients received tiny loans last year to start or expand small businesses, 82 million of whom …

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Record 128 Million of World’s Poorest Received a Micro-Loan in 2009

WASHINGTON, DC – More than 128 million of the world’s poorest families received a microloan in 2009–an all-time high, according to a report released today by the Microcredit Summit Campaign. Assuming an average of five persons per family, this means that loans to 128 million poorest clients affected some 641 million family members, which is greater than the …

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See How Microcredit is Changing Africa…

The Africa Region Microcredit Summit invites you to tour microcredit programs in five different countries to see how microcredit is changing the face of Africa. Visit… …Uganda and see how microentrepeneurs are more financially able to take care of AIDS orphans— see how their success enables them to feed, house, educate and care for their …

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More than 100 Million of World’s Poorest Benefit from Microcredit

New York, N.Y.— More than 106 million of the world’s poorest families received a microloan in 2007, surpassing a goal set ten years earlier, according to a report released today by the Microcredit Summit Campaign. Microloans are used to help people living in extreme poverty start or expand a range of tiny businesses such as …

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Intro

Altagracia DamianAltagracia Damian started a tiny ceramics business in the Dominican Republic. She believes that development, whether personal or professional, is the result of human and economic resources. Alemnesh GeressuAlemnesh Geressu is one member of the Women’s Poverty Lending Program of CRS/Ethiopia (operated in collaboration with the local counterpart, Meki Vicariate, 110 km southeast of …

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Nurjahan

Nurjahan is a borrower of the Grameen Bank in Bangladesh. Her name means “the light of the world.” Abandoned by her parents at three months of age and raised by a neighbor, Nurjahan was married at twelve only to be abandoned by her husband a year later, while three months pregnant. She returned to the family who had raised …

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Borrower Stories: Ethiopia

Alemnesh Geressu is one member of the Women’s Poverty Lending Program of CRS/Ethiopia (operated in collaboration with the local counterpart, Meki Vicariate, 110 km southeast of Addis Ababa, Ethiopia). Alemnesh lives with her husband, a poor farmer with no land, and their six children. For years, Alemnesh subsisted through petty trade, gaining a small profit, most of which …

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Microloans: What are they and how to get one?

What are Microloans? Microloans, are small, short term loans extended to entrepreneurs and smal busines owners to help kickstart the company’s growth. The amount of the average microloan ranges between $500 and $50,000 in the United States. One particular type of microloan is the SBA loan, which is a business loan guaranteed by the Small …

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About the Microcredit Summit Campaign Project

An Introduction to the Microcredit Summit Campaign Contents What is Microcredit? What is the Microcredit Summit Campaign? What are the core themes of the Microcredit Summit Campaign? Why give loans to very poor people for self-employment? Who are the poorest families? Why target Women? How are institutions, other than microcredit lenders, contributing to the Summit’s …

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