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  • A Nonprofit Lender Revives the Hopes of Subprime Borrowers

    February 25, 2014 |

    The New York Times |

    Text |

    1500-3000 Words

    Response Location: United States, Washington, District of Columbia

    Many subprime borrowers in the United States are financially unable to buy a home themselves. An unconventional lender is trying to make it easier for low-income people to buy houses despite the tighter requirements that other lenders adopted after the mortgage bust.

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  • New Mortgage Program Helps Cambodia's Poor Find Better Homes

    April 04, 2013 |

    NPR |

    Radio |

    5-15 Minutes

    Response Location: Cambodia, Phnom Penh, Phnom Penh

    An innovative program by an unusual bank allows low-income people in Cambodia to take out a 15-year fixed mortgage with little or no documentation - contradicting traditional loan assumptions and creating means for some of the country's poorest people to completely change their lives. The bank and its investors are now making a profit, and more than 700 mortgages and building loans have been provided.

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