Taking Microfinance to the Next Level

The aim of outfits such as BlueOrchard to serve those below the poverty line is both a philanthropic and profitable endeavor

Thanks in part to the Nobel Peace Prize awarded in 2006 to Mohammad Yunus, the Bangladeshi founder of Grameen Bank, there has been a surge of interest in recent years in microfinance, a tool Yunus helped pioneer. Made especially to poor people in emerging economies, these small business loans, averaging about $345, play a vital role in lifting millions of people out of poverty.

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