Browsing All Posts published on »January 5th, 2011«

Microlenders, Honored With Nobel, Are Struggling

January 5, 2011


By VIKAS BAJAJ, MUMBAI — Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding […]