Lending Not Only to the Rich

Photography : Jérômine DERIGNY    

Launched in Bangladesh in 1983 by the Grammen Bank, microcredit operates on the principle of granting small loans that are paid back over the short term to people who have no access to standard banking systems. Today there are an estimated 60 million microcredit clients. Microcredit is an effective tool for the UN’s Millennium Development Goals (MDG), which aim at reducing poverty and hunger in the world by half by 2015. We offer a gallery of ( more ...)