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yashpal gupta
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5-11-2009 1:17 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a141b445-316f-409f-90fb-9302045a3da0/5E8B4F54-11F1-4C23-8A2F-00B2C5D0FC10/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="file:///home/yashpal/Desktop/Frequently%20Asked%20Questions%20about%20Microfinance%20%7C%20Grameen%20Foundation%20:%20What%20we%20do%20:%20Microfinance%20in%20Action.html" href="file:///home/yashpal/Desktop/Frequently%20Asked%20Questions%20about%20Microfinance%20%7C%20Grameen%20Foundation%20:%20What%20we%20do%20:%20Microfinance%20in%20Action.html" style="font-size: 11px;"></a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="file:///home/yashpal/Desktop/Frequently%20Asked%20Questions%20about%20Microfinance%20%7C%20Grameen%20Foundation%20:%20What%20we%20do%20:%20Microfinance%20in%20Action.html"><P>Sometimes called “banking for the poor,” microfinance is an amazingly simple approach that has been proven to empower very poor people around the world to pull themselves out of poverty. Relying on their traditional skills and entrepreneurial instincts, very poor people, mostly women, use small loans (usually less than US$200), other financial services, and support from local organizations called microfinance institutions (MFIs) to start, establish, sustain, or expand very small, self-supporting businesses. A key to microfinance is the recycling of loan dollars. As each loan is repaid—usually within six months to a year—the money is recycled as another loan, thus multiplying the value of each dollar in defeating global poverty, and changing lives and communities. <A href="#"> <IMG width="12" height="12" border="0" src="file:///home/yashpal/Desktop/Frequently%20Asked%20Questions%20about%20Microfinance%20%7C%20Grameen%20Foundation%20:%20What%20we%20do%20:%20Microfinance%20in%20Action_files/icon-arrow-up.gif" /></A> </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5E8B4F54-11F1-4C23-8A2F-00B2C5D0FC10/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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