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                    [Title] => Microfinance: Bigger strides for small borrowers in Mindanao
                    [Summary] => Fruit and vegetable vendors are among the 19,000 microentrepreneurs in Mindanao with new access to bank credit. "Profits from the microlending program have allowed us to recover capital costs completely," says one rural banker.


At 3 a.m. on a weekend morning, Ruth Asor brushes the sleep from her eyes and enters the tiny bakery attached to her home in Bayugan, a quiet town in Mindanao. Long before the heat of the day sets in, Ruth and her six helpers are mixing up batches of dough for pan de sal, for her customers to dip in their breakfast coffee.


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LIEF DOERRING

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                    [Title] => Microfinance: Bigger strides for small borrowers in Mindanao
                    [Summary] => Fruit and vegetable vendors are among the 19,000 microentrepreneurs in Mindanao with new access to bank credit. "Profits from the microlending program have allowed us to recover capital costs completely," says one rural banker.


At 3 a.m. on a weekend morning, Ruth Asor brushes the sleep from her eyes and enters the tiny bakery attached to her home in Bayugan, a quiet town in Mindanao. Long before the heat of the day sets in, Ruth and her six helpers are mixing up batches of dough for pan de sal, for her customers to dip in their breakfast coffee.


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Microfinance: Bigger strides for small borrowers in Mindanao

October 2, 2001 - 12:00am

Fruit and vegetable vendors are among the 19,000 microentrepreneurs in Mindanao with new access to bank credit. "Profits from the microlending program have allowed us to recover capital costs completely,"...

Banking