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A Fresh Start: Asian villages carve out a new life
In 2004, the Wildlife Conservation Society, which credits itself with having saved the American bison a century ago, set up the Tmatboey Ibis Ecotourism Project to lure bird-watchers. During the most recent peak season, November 2008 to May 2009, services provided to bird-watching visitors brought...
Micro Enterprise success in Bangladesh
The Bangladesh Krishi Bank was established in 1973 with the objective of strengthening the rural economy by extending credit support to the agricultural and agro-based sectors. In consideration of the importance of Micro-Credit and with the objective of generating employment as well as encouraging...
Citi Dhaka arranges loan for NGO micro-finance institution
In July 2009, Citi Dhaka helped arrange a syndicated loan (subscribed by a group of local banks) for $21.7 million for BURO, a not-for-profit that is one of the fastest growing microfinance institutions in Bangladesh. BURO Bangladesh is a specialized micro-finance institution that provides high...
R.E.A.C.T. Tajikistan
Abnormally cold weather conditions in Tajikistan, causing heavy snowfall and frozen rivers, have damaged water and electrical supply systems and isolated mountain villages. Snowfall in December 2007 was 245% above the historical average for the month. Temperatures of between -8°C and -25°C since...
R.E.A.C.T. Haiti Earthquake
On January 12th, an earthquake measuring 7.0 on the Richter scale struck 17km south-west of Haiti's capital, Port-au-Prince. Tens of thousands are feared dead, many more are injured, and unknown numbers are still buried under the rubble. The entire capital appears damaged or destroyed, including...
Microcredit Summit
Micro credit programmes offer small loans, and other financial services such as savings, to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families. The Micro credit Summit Campaign brings together micro credit practitioners,...