Green Options » microcredit http://greenoptions.com/tag/microcredit Posts tagged 'microcredit' Fri, 03 Oct 2008 07:01:50 +0000 http://wordpress.org/?v=2.5.1 en The Big Bank That Didn’t Fail: Microfinance, the Bank of the Poor http://redgreenandblue.org/2008/10/03/the-financial-institution/ http://redgreenandblue.org/2008/10/03/the-financial-institution/#comments Fri, 03 Oct 2008 07:01:50 +0000 Meg Hamill http://redgreenandblue.org/2008/10/03/the-financial-institution/ Nobel Prize winner Muhammad Yunus claims that the global financial chaos has not hit the microfinance system.

I have this idea that if an institution has at its base, principles that are environmentally sustainable and socially just, and that the main goal of that institution is truly to serve, then it won’t be able to fail when times get tough.  To put this theory to the test I went searching recently for some stock or institution that remained unscathed in the face of the recent market collapse.  It didn’t surprise me at all, as a firm believer in the idea of microcredit, to hear that the institution of microfinance indeed is not feeling any strain whatsoever these days.

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