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Micro-borrowers have a stellar repayment record: Muhammad Yunus, founder of Bangladesh's Grameen Bank and recipient of the 2006 Nobel peace prize for his work in microfinance, says repayment rates are 95-98%.
Scene after scene, from Minnesota wind farms to sari-clad Bangladeshi micro-borrowers to the smoke billowing from coal-fired power plants, is painterly and evocative; a shot, set against a deep blue sky, of a freight train passing in front of an oil refinery could have been lifted from a Terrence Malick film.
The global number of potential micro-borrowers is estimated to be 1 billion, with a total loan demand of $250 billion.
Many microfinance advocates claim that micro-credit has a positive effect on the educational outcomes of the children of micro-credit borrowers, and that these educational improvements provide us with evidence that micro-credit institutions are serving the social function for which they have been designed.
The trend toward socially responsible investing also finds a home online, with sites like kiva.org and microplace.com letting donors make micro-loans to borrowers around the world.
It's no surprise then that many of the borrowers work with micro-finance institutions.
Kiva.org, a not-for-profit organisation that's been matching micro-lenders with low-income borrowers since 2005, has announced it's passed the one million borrowers mark.
Micro-lending, by micro-finance institutions or by self-help groups (in which borrowers club together to provide collateral), is increasing.
The IMF, first conceived as a provider of liquidity in emergencies, has become a development institution, advising and requiring borrowers not merely to repay, but to reform the deep micro-structure of their economies.
Because of both financial and social benefits of lending to women, most micro-lending institutions aim the vast majority of their lending portfolio toward female borrowers.
He is about keeping the money circulating locally, about truly micro microloans to the poorest of the poor, and that the bankers must go out to the borrowers, hear their concerns, know them.
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