microcredit

UN-sponsored forum explores ways to get financial services to poor

The governors of several central banks, recipients of micro-business loans and other business people from around the globe attempted to zero in on the most effective ways to get credit to the poor, as a forum on microcredit, or grassroots financial services, continued today as part of the International Year of Microcredit 2005.

Annan calls for small loans to millions of people with unmet borrowing needs

With the innovation of micro-financing, there is a now a powerful way to help many millions around the world finance their small business ventures, improve their homes, and come back after a natural disaster, but institutions will need to do their part in order reach the people in need, United Nations Secretary-General Kofi Annan told a symposium of experts in Geneva today.