http://www.nextbillion.net/newsroom/2006/09/01/fighting-poverty-1-at-a-time Comments for " Fighting poverty $1 at a time" en http://www.nextbillion.net/newsroom/2006/09/01/fighting-poverty-1-at-a-time <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> September 1, 2006 - 10:00, </span> <span class="flexinode-textfield-14"> CNN</span> <div class="flexinode-textfield-15"> Fighting poverty $1 at a time</div><br> <div class="form-item"> <label>Story Link:</label> <a href="http://www.cnn.com/2006/WORLD/asiapcf/08/31/poverty.clinton/index.html?section=cnn_latest">http://www.cnn.com/2006/WORLD/asiapcf/08/31/poverty.clinton/index.html?section=cnn_latest</a> </div> <div class="flexinode--41"> <strong>Teaser: </strong><br /> Since its beginning, the micro-finance model of providing small loans to help expand or start a self-sustaining enterprise has helped more than 8.2 million of the world&#39;s poorest people -- in at least 115 countries -- to stand on their feet.<br class="clear" /></div> <div class="flexinode-textarea-6"> Excerpt: It all started with $50. In 1988, that&#39;s what it took Noni Bala Ghosh to revive her family&#39;s business of making sweets to sell in Kholshi, her tiny village in Bangladesh.<br /><br />Family members had given up the business because they could no longer afford to buy milk to churn into rich, thick chhana, a milk-derivative that is used in making candy and many sweets.<br /><br />Driven to despair, Noni heeded the advice of several women in her village who had taken loans from Grameen Bank, a non-profit lending organization that developed the poverty-busting lending program known as &quot;micro-credit,&quot; in the 1970s.<br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2006/09/01/fighting-poverty-1-at-a-time#comment Financial Services Microfinance South Asia Fri, 01 Sep 2006 10:09:35 -0400 Ethan Arpi 3269 at http://www.nextbillion.net