Microfinance for profit
A robust defence of making profits out of lending to the poor. Plus, a report on what is holding back Egypt's economy and a wry Irish view of the IMF.
The founder of the commercial microfinance lender SKS defends his business. Vikram Akula argues that the profit-making model allows for lending to many more poor people than a not-for-profit model. He rejects criticisms from the godfather of microfinance Muhammed Yunus who said SKS and other lenders has 'misused and abused' the original concept.
Plus, the ÃÛÑ¿´«Ã½'s Philip Hampsheir reports from Cairo on what is holding back Egypt's economy. And the Irish writer and comedian Colm O'Regan paints a wry and quirky picture of Ireland's view of the IMF.
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- Wed 8 Jun 2011 07:32GMTÃÛÑ¿´«Ã½ World Service Online
- Wed 8 Jun 2011 11:32GMTÃÛÑ¿´«Ã½ World Service Online
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Business Daily
The daily drama of money and work from the ÃÛÑ¿´«Ã½.