Development experts worldwide have always sung the praises of
in which miniloans ranging from $25-$2,000 make the destitute
clients -- typically female and minority -- into successful
entrepreneurs who can support their families. The premier world
microlender is Bangladesh's Grameen Bank, which has made 4
million microloans with a 98+% repayment rate, notes New
. Microlending's stellar success in the
Third World is fueling inspiration stateside, where domestic
programs sport similarly impressive repayment rates.
credits U.S. microloaning popularity with a
growing trend to treat microloans as serious investment vehicles
rather than charity ventures.
NEW INTERNATIONALIST ($35.98/yr., 12 issues) available
from Box 1143, Lewiston, NY 14092.
ETHICS ($49/yr., 6 issues) available from 52 S. 10th St.,
#110, Minneapolis, MN 55403-2001.