skip to main content
skip to newscasts

Thursday, April 25, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

view newscast page
play newscast audioPlay

"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Local Group Provides Banking for Some of World's Poorest

play audio
Play

Monday, June 23, 2008   

Cambridge, MA - People living on as little as $2 a day could soon have access to services like loans and savings accounts, thanks to a local humanitarian aid group. Mercy Corps has received a grant of almost $20 million to create what it calls a "Bank of Banks." The project will oversee thousands of microfinance institutions (MFIs) that give loans to families and small businesses in Indonesia.

Sasha Muensch, Mercy Corps' senior program manager for social innovations, says the goal of the program is to modernize the MFIs, and help people manage and save their money.

"These services are not accessible to many of the poor of the country, much the way it is in the U.S. - if you don't have good credit, or a strong enough income, you can't access many banking services here. The problem is even more acute in Indonesia."

Muensch explains the loans can help launch or sustain businesses in places, such as Indonesia, with struggling economies.

"Most of these loans are for very small businesses. They're usually run by the family, one or two people working in them. These are small shops, tailors, hairdressers, small-scale producers, the 'bottom rung' of the business sector."

Through its social innovations programs, Mercy Corps hopes to help 45 million people escape poverty in Indonesia and the Philippines over the next decade. The grant is from the Bill and Melinda Gates Foundation. More information about the new "Bank of Banks" is available online at www.mercycorps.org.


get more stories like this via email

more stories
Rep. Crystal Quade, D-Springfield, the House Democratic floor leader, called Missouri politicians "extremist" on social media after they passed the most restrictive abortion ban in the country and defunded Planned Parenthood. (Fitz/Adobe Stock)

Health and Wellness

play sound

The Missouri Legislature has approved a law to stop its Medicaid program, known as MO HealthNet, from paying Planned Parenthood for medical services …


Environment

play sound

A round of public testimony wrapped up this week as part of renewed efforts by a company seeking permit approval in North Dakota for an underground pi…

Social Issues

play sound

Air travelers could face fewer obstacles in securing a refund if their flight is canceled or changed under new federal rules announced Wednesday…


The Iowa Movement for Migrant Justice calls Senate File 2340 a "ridiculous stunt," passed in an election year "to mobilize voters using fear and anti-immigrant sentiment." (Adobe Stock)

Social Issues

play sound

Advocates for immigrants are pushing back on a bill signed by Iowa Gov. Kim Reynolds in the last few days of the legislative session, modeled on a …

Environment

play sound

An environmental group is suing the U.S. Fish and Wildlife Service to protect the Arkansas mudalia snail under the Endangered Species Act. In …

Currently, more than 2.7 million Californians live within 3,200 feet of an operational oil well. (MSPhotographic/Adobe Stock)

Environment

play sound

Leaders concerned about pollution and climate change are raising awareness about a ballot measure this fall on whether the state should mandate buffer…

play sound

A coalition of climate groups seeking cleaner air at the rail yards and ports of Los Angeles and Long Beach will hold a "die-in" rally tomorrow at Los…

Health and Wellness

play sound

By Marianne Dhenin for Yes! Magazine.Broadcast version by Shanteya Hudson for Georgia News Connection reporting for the YES! Media/Public News …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021