Unitus President and CEO Geoff Davis Named Ernst & Young Entrepreneur of The Year® 2006 Award Recipient in the Pacific Northwest
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‘Successful traders default on loans‘ – TOI, July 03, 2006)
People who repay loans taken from micro-finance institutions (MFIs) are those whose projects have, in fact, failed.
The study found 60.8 per cent of loanees, whose projects had failed, repaid their credit, whereas majority of loanees (56.2 per cent) whose projects generated the expected level of income desisted from repayment. It also found that members of a family were availing four or more loans.
Does micro finance need Bill Gates? – Business Standard(June 23, 2006)
The fact that micro finance can be a sustainable way to influencing the livelihoods of the millions of the global poor, whether in rural or urban areas, seems to have influenced many of the world’s super rich to direct some of their philanthropic funds in this direction.
