Your English writing platform
Discover LudwigExact(7)
They tweaked the credit-scoring software of a microfinance firm so that only a random subset of people with marginal credit histories were accepted as clients.
VISITING the homes of poor Africans who want to borrow money helps Finca International, an American microfinance firm, weed out likely deadbeats.
Compartamos Banco, a Mexican microfinance firm that became a for-profit company after starting as a charity, had a hugely successful initial public offering in 2007.
On one of her first assignments abroad, she spent countless days poring over the books of a struggling Kenyan microfinance firm.
SKS Microfinance, India's only publicly traded microfinance firm, will sell shares to raise 900 crores, about $180 million, to shore up its business, Mint reports.
Researchers from the Poverty Action Lab at the Massachusetts Institute of Technology MITT) worked with an Indian microfinance firm to ensure that 52 randomly chosen slums in the city of Hyderabad were given access to microfinance, while 52 other slums, which were equally suitable and where the lender was also keen to expand, were denied it.
Similar(53)
Sheikh Hasina Wazed, the prime minister of Bangladesh, said Mr. Yunus and other microfinance firms were "sucking blood from the poor in the name of poverty alleviation".
In the southern state of Andhra Pradesh, aggressive selling by scores of unregulated microfinance firms has pushed huge numbers of already desperately poor farmers deeply into debt.
Alok Prasad, the head of MFIN, warns that others may ditch the hardest-to-reach villages.Some microfinance firms are looking beyond small, unsecured loans, which the central bank caps at 50,000 rupees ($910) a pop.
That's because banks must set aside significant cash on reserve to be prepared for troubles with deposits — capital that microfinance firms can no longer use for lending if they become banks.
Instead it will seek to make bigger loans to qualified borrowers outside Andhra Pradesh, who he said might have fewer options because of the trouble microfinance firms are facing.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com