Microfinance

Gates foundation to provide credit groups with US$ 38 Million Grant (Approx Rs 175 Crore)

One of the world’s richest men has awarded $38m to credit groups designed to provide better ways for 11m of the world’s poorest people to save.

bill melinda gates

The Bill & Melinda Gates Foundation, established by the co-founder of Microsoft, is funding efforts to encourage developing world lenders to establish a range of savings products.

The grants, to 18 microfinance institutions in 12 countries across Latin America, Africa and Asia, follow a year-long review by the philanthropic organisation to expand its innovative development work into “micro-savings”.
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Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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2 Comments

2 Comments

  1. Joseph Bernard Rosario

    March 5, 2010 at 10:11 pm

    Dear Sir/ Madam,
    Stephen Charitable Trust is organising Women Self Help Groups. We have 742 SHGs under the name OCEAN SHGs.
    We are looking for a loan of 1 Million U.S.Dollars.
    Shall I send you the project proposal please ?
    Do you need any other documents ?
    A word of reply would be very much appreciated.
    Joseph B Rosario( Dominic.)

  2. BK Chettri

    May 21, 2010 at 4:22 pm

    Dear Sir,

    I am secretary, Kalimpong Krishak kalyan Sanghthan, a federation of farmers club in darjeeling district,West bengal, India. We are working in the field of agriculture and rural development through credit, awareness, technology transfer & capacity building .We have more than 15 small rural town facing management of solid waste. It will be highly appreciated if you kindly advise us/help us to solve this problem.

    with warm regards

    BK Chettri
    secretary
    kalimpong Krishak kalyan sanghthan
    Post Box No 60
    Kalimpong – 734 301
    Phone ; 09333447848, 093320447848

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