http://www.nextbillion.net/newsroom/2006/01/02/75m-fund-will-offer-loans-to-people-in-poverty Comments for "$75m fund will offer loans to people in poverty" en http://www.nextbillion.net/newsroom/2006/01/02/75m-fund-will-offer-loans-to-people-in-poverty <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> December 29, 2005 - 15:00, </span> <span class="flexinode-textfield-14"> The Herald</span> <div class="flexinode-textfield-15"> Deutsche Bank increases funding to microentrepreneurs</div><br> <div class="form-item"> <label>Story Link:</label> <a href="http://www.theherald.co.uk/business/53336.html">http://www.theherald.co.uk/business/53336.html</a> </div> <div class="flexinode-textarea-6"> A $75m global consortium led by Deutsche Bank, and featuring Standard Life and the Cooperative Bank, is one of the strongest signals yet that, as the United Nation's 2005 'year of micro-credit' ends, bottom-up funding for micro-businesses in the world's poorest countries could be a new financial market.<br />The consortium, working with the US International Development agency, is the first fund of its kind to tap a wide range of western institutional investors for tiny loans to entrepreneurs in the developing world trying to work their way out of poverty.<br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2006/01/02/75m-fund-will-offer-loans-to-people-in-poverty#comment Financial Services Microfinance Mon, 02 Jan 2006 15:51:56 -0500 John Paul 2092 at http://www.nextbillion.net