Tuesday, July 24, 2007

Western Union eyes micro-lending

(Reuters) - "We think it is a big opportunity for us. For us, the real
question will be the risk and the ability to ramp this up
around the globe," Gold said.




Micro-lending, a system of making small loans to people
running tiny businesses, was pioneered by Muhammad Yunus in the
1970s in Bangladesh and has spread globally. Yunus won a Nobel
Peace Prize in 2006.


Read more at Reuters.com Bonds News

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