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Posts Tagged ‘Microcredit Enterprises’

MicroCredit Enterprises and MicroPlace are two organizations that have created innovative financing mechanisms to make lending to the poor more feasible.  Both organizations are based here in Northern California.

Quoted from their own press release:

“Today MicroCredit Enterprises and MicroPlace launched our Global Poverty Alleviation Note.  It is a two-year, 5% interest-bearing note, secured by MicroCredit Enterprises’ Guarantors.

MicroCredit Enterprises and MicroPlace have teamed up to create a web platform so that everyone can do their part to finance sustainable microloans for impoverished women around the world.”

Both MicroCredit Enterprises and MicroPlace were honored at our dinner in November with Nobel Peace Prize winner Muhammad Yunus.

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Jane Wales in conversation with Muhammad Yunus.

Tonight, the World Affairs Council of Northern California honors Nobel Peace Prize recipient Professor Muhammad Yunus at our 2008 Awards Dinner held at the Ritz Carlton. We celebrate the progress the microfinance industry has made in eradicating global poverty by honoring the roots it as has grown in Northern California. We recognize three local companies representative of these efforts: Kiva, MicroCredit Enterprises and MicroPlace. As part of our gift of thanks to Professor Yunus, the musical group Talisman will give a live performance.

In preparation for the event, World Affairs Council CEO & President Jane Wales published an op-ed on how tested microfinance strategies from the developing world can be applied here at home. Read the op-ed as it appeared in last Friday’s San Francisco Chronicle.

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