microfinance

Microfinance: Moving Out of Poverty

Microfinance is a powerful means of empowering poor and vulnerable people to improve their families’ standard of living. We are proud of our programs, but they can always improve. That’s why we’re so excited about a new initiative CRS is working on with the Grameen Foundation and other partners in Africa. The Progress out of […]

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Microfinance: ‘I Heart Africa’

Today was a huge “I Heart Africa” day. Not because things were easy. Definitely not. Sometimes, accomplishing even the most simple tasks here can be confusing, complicated and stretched out. But that is also what makes it fun. Take today for instance. I was riding along in the passenger side of our white pick-up truck […]

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CRS Sells Microfinance Company to Developing World Markets

Phnom Penh, February 23 —Catholic Relief Services announces the sale and transfer of its successful microfinance company, Thaneakea Phum (Cambodia) – TPC – to Developing World Markets (DWM). TPC currently serves over 91,400 rural and urban Cambodians, providing small loans that help them build and expand businesses. Thaneakea Phum means “Village Bank” in Khmer. Like […]

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Microfinance: Savings Clubs named Remember and Love

By Bernice Yalley The village of Worla, though not expansive, has decided to create two savings clubs. It would have been difficult to manage a club of 50 people and so they neatly bisected themselves. The first group has called themselves Remember and is now going through the process of electing a chairperson. I am […]

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Microfinance: Lost in Translation

By Bernice Yalley In a lot of circumstances, I am confident. I walk with an easy glide, I am not shy in meeting new people, and when the moment is right, I can even dance a little jig in the middle of the supermarket. But in managing this savings and lending project, I sometimes get […]

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Microfinance: Getting There

On the road to Gboimue, we cross a typical log bridge in rural Liberia. Photo by Bernice Yalley/CRS Roads in Liberia are amongst some of the worst in West Africa and driving on them to get to a project site is no joke. While negotiating in heavy duty, sports utility vehicles with standard gear shifts, […]

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Microfinance: The Little Things

Bernice Yalley is a CRS fellow working in Liberia on savings-led microfinance projects. Her posts will appear Mondays on the CRS blog Voices. Life is in the details, or so I’ve been told. It’s the little things that make an impact. That last cookie that tips the scale. That one smile that brightens a day. […]

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Time for a ‘Global Microsavings Movement’?

From the New York Times’ Nicholas Kristof, on microfinance savings programs: “So it’s time for a global microsavings movement. Poor countries should ease the regulations (such as requirements for banking licenses) that make it hard for nonprofits to operate microsavings programs. “Hugh Aprile, a Catholic Relief Services official here, noted that savings schemes are very […]

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Microfinance: Zambia Savings Program Approved

From CRS fellow David Vosburg in Zambia: Last week I took the bus seven hours to Mongu in Western Province of Zambia. I would be catching a ride back with co-workers coming up through Sesheke & Shangombo. Our goal was to gain approval for the SILC project from the Director of Caritas of the Diocese […]

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Microfinanced Kids Turn Profit for Rice Bowls

‘I really hope that they learn that what Catholic Relief Services does by helping others by giving them a loan, that they know it really works’

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