SKI Charities

Tag: Muhammad Yunus

  • Muhammad Yunus’ Grameen Bank, an Inspiration for SKI Charities

    SKI Charities founder, Shyam K. Iyer, is the first to admit that he did not invent the concept of microfinance. Nor did he pioneer the idea of extending microfinance opportunities specifically to women. Iyer comments, “What we’re doing, we think it’s unique in the places we’ve gone, but I didn’t invent the concept of micro-finance.…

  • Microfinance 101: What is it?

    Encyclopedia Britannica will tell you that microfinance is “a means of extending credit, usually in the form of small loans with no collateral, to nontraditional borrowers such as the poor in rural or undeveloped areas.” It was a concept institutionalized in 1976 by Bangladeshi economist Muhammad Yunus and adopted by SKI Charities founder, Shyam K. Iyer. Shyam…