8/19/08:"Microfinance must embrace the free market" according to The Economic Times online edition this week. Author Philip Vassiliou provides a thorough yet succinct overview of the industry's transition to the private sector. Click here for the full article  8/12/08: Last week, a fire destroyed an estimated 1,500 businesses in the Mercado Oriental of Managua, Nicaragua. With access to insurance rare, this is a devastating setback for the self-employed poor in this market who have lost their livelihoods. Forty nine of these businesses, and counting, are clients of ACCION partner Financiera FAMA. With a total of $205,600 in lost capital, these microentrepreneurs are in urgent need of financial assistance. FAMA is working closely with victims of this tragedy to determine the most effective resources they need to recover, including debt forgiveness. To jump-start this recovery process, ACCION has committed to raising $50,000 in relief aid. Your support is critical to accomplishing this goal. Click here to donate now and directly help Nicaraguan microentrepreneurs as they rebuild.
 
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