InfoAnda - Nobel winner targets 'loan shark' microlenders

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Libeskind extension for Berlin Jewish Museum | 12 May 2010
Lee, Perry nominated for NAACP Image Awards | 28 January 2009
Dancing audience boots off Pamela Anderson | | 5 May 2010

Amazon 'glitch' removes sales rank from gay books | 13 April 2009

Forum Views () Forum Replies ()

Read more with google mobile : Nobel winner targets 'loan shark' microlenders

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Nobel winner targets 'loan shark' microlenders AFP - Monday, February 21 Send IM Story Print Nobel winner targets 'loan shark' microlenders Slideshow: Full Photo Coverage: Business & Economy NEW DELHI (AFP) - – Bangladesh's Nobel laureate Muhammad Yunus has labelled profit-driven microfinance firms "loan sharks" who undermine the small-credit schemes that he pioneered to help tackle poverty. Yunus, who won the Nobel Peace Prize in 2006 for making loans available to poor entrepreneurs, hit out at the commercial microfinance companies as the concept faces increasing scrutiny. "When they start looking at profit they become loan-sharks," Yunus said late Saturday on the sidelines of a conference in Mumbai, the Press Trust of India news agency reported. "The ultimate objective of microfinanciers is to ensure financial inclusion and not making profit," he stressed. "If you want to commercialise, please choose a different name. Real microfinanciers are not commercially minded." The microfinance sector was until recently hailed as a saviour of the poor in south Asia for providing loans averaging $250 to millions of people, many of them women, unable to get credit from mainstream banks. But microfinance firms' surging profits and accusations that some charge extortionate interest rates and deploy heavy-handed debt collectors who have triggered scores of client suicides, have led to mounting controversy. Last month an Indian central bank panel put forward proposals for nationwide regulation of the microfinance sector, with caps on interest rates and loan amounts. Recommend Send IM Story Print Related Articles Iraqi lawmakers pass 2011 budget of $82.6 bln Reuters - 47 minutes ago Bahrain c.bank says banks operating normally Reuters - 57 minutes ago Waitrose develops new website, ups Ocado competition Reuters - 1 hour 40 minutes ago Ahmadinejad delivers Iran budget bill to parliament Reuters - 1 hour 56 minutes ago UAE's Aldar delays EGM to Feb 27 due to lack of quorum Reuters - 2 hours 14 minutes ago News Search Top Stories More Libya fighting amid fears of 'catastrophe' House budget cuts raise spectre of US govt shutdown Baddeley leads, Couples lurks at Riviera golf open Mourinho home joy as Real close gap on Barca Global warming could spur toxic algae, bacteria in seas More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Britain's Fergie 'not invited to royal wedding' Mourinho home joy as Real close gap on Barca House budget cuts raise spectre of US govt shutdown Global warming could spur toxic algae, bacteria in seas More Libya fighting amid fears of 'catastrophe' More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 20 February 2011
10 wounded in north Iraq demos
Freed German reporters preparing to leave Iran
Palestinians to make fresh UN anti-settlement bid
Bahrain protesters swarm square, police flee |
U.N. nuclear body may highlight Iran military concerns
Palestinians will not spurn U.S. despite veto: Abbas |
Eight dead in attack on Afghan bank: official
Iran warns opposition against staging fresh rallies |
Uganda's Museveni set for win, opposition cry foul |
Berlusconi pledges justice reform as scandal grows |
India silence Bangladesh in World Cup opener
Iraqis protest in Kurdish region, capital |
IOC sees progress in Pyeongchang's games bid
Brumbies defeat Chiefs in opening Super 15 match
New Zealand seek fresh World Cup start
Pakistan spokeswoman resigns over US gunman
India charges Pakistani singer for undeclared cash
Royal designer rocks London fashion week
G20 reaches deal on global indicators: France
China raises gasoline, diesel prices
Acclaimed Iranian film triumphs in Berlin |
Internet cut off in Libya: Arbor Networks
Death toll from Afghanistan bank bombing hits 35
Merkel braces for battering in German state poll
US-TECH Summary
Bank scandal highlights Afghan corruption
EU launches aid mission over Italy's migrant crisis
Baddeley leads, Couples lurks at Riviera golf open
Libya cuts off Internet service: network monitor
Freed German reporters leave Iran
Mourinho home joy as Real close gap on Barca
After Egypt, Myanmar's Suu Kyi wants Twitter: report
Libya forces shoot dead dozens, talks begin in Bahrain |
Global warming could spur toxic algae, bacteria in seas
Iran naval ships to cross Suez Canal on Monday
US House cuts $61 bn in spending, shutdown looms
Iranian warships pass through Suez Canal
Iran warns opposition against staging fresh rallies
Libyan regime hits back with deadly crackdown
Uganda's Museveni on verge of huge poll victory |
Australian soldier and Afghan interpreter killed
Moroccan protests to demand limit to King's powers |
Iraqis protest in Kurdish region, capital
Kuwait police clash with hundreds of protesters
North Korea digging tunnels for likely nuclear test: report |
Libya toll rises as Bahrain protesters seize square
Pakistani troops kill up to 15 militants |
Bahrain protesters camp out in square ahead of talks |
NATO, Afghan troops killed 64 civilians
India rejoices as minnows struggle at Cricket W.Cup
Libyan Muslim leaders tell security: stop massacre |
Luhrmann to shoot 'Gatsby' movie in Sydney
Vietnam death boat owner 'had bad record'
Palestinians will not spurn U.S. despite veto
Tycoon drama highlights Asian succession time bombs
Skeletons found on Philippine clan's properties
U.S. entering direct talks with Taliban
Donaire stops Montiel to take bantamweight titles
Poland's cassock-clad priests vie in "papal" ski race
Cabbage and potatoes: Russia's new luxury goods
Belgium artist's home-coming smeared by 'vile' politics
Arrests after China web users call for protests
Nepal's growing middle class takes to the malls
Cricket 'with attitude' for LA gang team
North Korea digging tunnels for likely nuclear test
Tokyo's Haneda airport adds international routes
Bangladesh liberation film opens old wounds
Libya cuts off Internet service: network monitor |
Women drug mules pay as Philippines fails on jobs
William and Kate invite 1,900 guests to royal wedding
China raises petrol, diesel prices
China's Huawei 'in London Underground phones bid'
Iranian drama triumphs at Berlin fest
South Korea business failures fall sharply in January
US-ENTERTAINMENT Summary
Acclaimed Iranian film triumphs in Berlin
National Christmas tree blown over by fierce winds
Israel eyes Iranian navy move with 'gravity'
Karzai says NATO air raids killed 50 civilians
Egypt banks and pyramids open as some protest in Cairo
Iran ships approach Suez, Israel takes "grave view"
Yemen separatist leader arrested as protests draw fire |
Israel takes grave view of Iran Suez move
Iran ships yet to enter Suez Canal, official says
Germans vote in Hamburg as Merkel party faces loss |
NATO probes claims it killed 64 Afghan civilians
Moroccan protesters demand limit on royal powers |
Death toll in Afghanistan bank raid rises to 38
Iran ships approach Suez, Israel takes grave view |
Egypt banks and pyramids open as some protest in Cairo |
Chinese police snuff out planned Arab-inspired protests
Thailand's 'red shirts' warn of bigger rallies
A glimpse of Thailand's winemaking industry
Minimum and maximum temperatures in Celsius
Nobel winner targets 'loan shark' microlenders
Korea Express stake sale kicks off -report
COMMENTARY: Bangkok set to slide again
60 karaoke bars close down in southern Thailand following bomb attack
Intel plans $5 billion Arizona chip plant by 2013 |
Thailand, Cambodia sign temporary ceasefire deal
Cuisine offers first taste of culture
China aims to become No 1 in welcoming the world
N. Korea 'appears to prepare for nuclear test'
Acclaimed Iranian film triumphs in Berlin |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01