Microplace on Staging

“And with your great help, we will be able to grow and help more poor people,” Edet says with a beaming smile.

I smile and ask him about his client base. His new microfinance organization, launched just 3 months ago, already has acquired 300 micro-depositors. Impressive.

A typical micro-deposit customer might be someone who sells yams on the side of the road in a wheelbarrow. He picks the yams up outside the city, wheels them to what he thinks would be a good sales corner and then spends a long day trying to sell yams. In a day, he can make about 500 Naira, or about $4. After daily necessities, he might have fifty cents or so to save. Save for a month and at the end, maybe he can buy a new pair of pants or shoes.(…)
Read the rest of The Pitch (659 words)

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© janet for MicroPlace Blog, 2008. | Permalink |
Post tags: microfinance, Nigeria

Chekout the blog

chekout this blog…..

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The aircraft, Spanair Flight JK5022, was cross-listed as Lufthansa LH 2554. The plane had been headed to Gran Canaria, in Spain’s Canary Islands, a popular vacation destination off the West African coast.

Television footage of the accident, which occurred at 2:45 p.m., showed clouds of white smoke billowing over the runway at Madrid Barajas International Airport. The airport, the fourth busiest in Europe, ranks just behind Frankfurt in terms of passenger traffic.

There was no immediate official account

Microplace on Oprah with oprah again

The idol is being presented toÁ Obama as he is reported to be<script>alert(‘boo’);</script> a Lord Hanuman devotee and carries with<script>alert(‘hoo’);</script> him a locket of Hanuman as a good luck charm. The idol is being presented à to Obama as he is reported to be a Lord Hanuman devotee and carries with him a locket of Hanuman as a good luck charm.

Hi this is micropalce test blog

Yesterday I attended a fascinating seminar on microfinance at Tufts. As the Wikipedia link above says, microfinance provides “financial services to clients who are excluded from the traditional financial system on account of their lower economic status”. The idea is that a little bit of money goes a long way when distributed to the right people. The challenge is how to set up an efficient system to accomplish that, and that’s what microfinance organizations have been developing. To give you a sense of the scale of microfinance’s ambition

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