Can Small Loans Really Change Lives? - Live Discussions - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Microfinance, pioneered in the early 1970s by nonprofit groups like Grameen Bank, in Bangladesh, and Acci�n International, in Latin America, is one of the hottest ideas in philanthropy.
Foundations, individuals, and even private investors are funneling millions of dollars into providing loans to the very poor so that they can start businesses. The believe the efforts can eventually alleviate poverty in a self-sustaining way, because more and more microfinance organizations are breaking even or earning a profit."
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