29 Aug '11, 10am

Thriving Microfinance Sector Strengthens Colombia's Economy

Thriving Microfinance Sector Strengthens Colombia's Economy

Bakeries, food and clothing vendors, stalls, stands and restaurants, consumer electronics shops, barber and tailor shops, taxi and bus drivers, they’re all beneficiaries of a thriving micro-finance industry in Colombia, one of any number of nations where finding, or creating, employment is difficult at best, and obtaining steady, well-paid work even more so. Nearly 50% of Colombia’s 46 million citizens live below the poverty line. Micro-finance organizations such as Colombians Supporting Colombians (CAC) are giving entrepreneurs a leg up by providing micro-loans and other banking services that conventional banks are unwilling to offer. Some $3.5 billion in micro-credit was disbursed in 2010 to more than 2 million borrowers. There are more than 1.2 million so-called micro-enterprises doing business in Colombia, along with small businesses making up an astonishing 96% of all...

Full article: http://www.triplepundit.com/2011/08/thriving-microfinance...

Tweets

Where global economy is heading 4-6 weeks from ...

thefinance.sg 04 Sep '11, 11pm

Where global economy is heading 4-6 weeks from now? by Patrick See on September 4, 2011 Wouldn’t it be nice to know what c...

The US economy has suffered a 'heart attack' but isn't recuperating quickly enough: Obama

The US economy has suffered a 'heart attack' bu...

straitstimes.com 31 Aug '11, 12am

US President Barack Obama on Tuesday said that the US economy had suffered a 'heart attack' and survived but is not recupe...

Another Baby Boom Won't Cure U.S. Economy

Another Baby Boom Won't Cure U.S. Economy

triplepundit.com 31 Aug '11, 9am

So, 25 years later, when I saw the name of its founder, renowned demographer Peter Francese, in the e-newsletter Ad Age, I...

Federal Reserve can do more to boost economy: minutes

Federal Reserve can do more to boost economy: m...

channelnewsasia.com 30 Aug '11, 7pm

WASHINGTON: The US Federal Reserve is still ready to act to boost the economy, Fed documents showed on Tuesday, despite ch...