Cost Quote by Jonathan Morduch

Microfinance is an idea whose time has come.

— Kofi Annan

What attracted me towards microfinance is it's a very sustainable business, which has an impact on people's lives yet it can be very profitable.

— Ananya Birla

“This is the basis for the most important critique of microfinance. The poor are not entrepreneurs. The idea that more than a few will…

— Ian Smillie

The moment you say microfinance everybody wants to help you.

— Muhammad Yunus

Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a…

— Pierre Omidyar

Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic…

— James Surowiecki

Because microfinance is so manageable in terms of the size of the loan, people have made it the cornerstone to lifting women out of…

— Gayle Tzemach Lemmon

A well-functioning microfinance bank can actually be a profitable business as well. So it became a perfect proof point that, through business, you can…

— Pierre Omidyar

We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and…

— Muhammad Yunus

Where micro-finance focuses on small loans to individual, low-income women, think of Acumen Fund more like a venture capital fund.

— Jacqueline Novogratz

The invention of the micro-loan was a big surprise to me. Who would have guessed loans of less than $20 made to poor people…

— Joel A. Barker

Microloans enable the poor to lift themselves out of poverty through entrepreneurship.

— Pierre Omidyar