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On one of her first assignments abroad, she spent countless days poring over the books of a struggling Kenyan microfinance firm.

The word "microcredit" did not exist before the seventies.

Throughout the crisis, the Bank has helped keep children in school, health clinics open, and microfinance loans flowing to women.

For instance, Mr Khanna's worldview has no room for the recent controversy over profiteering among microfinance lenders.

Rabeder will then invest the proceeds in his own non-profit organisation, MyMicroCredit, which he set up a few months ago.

But to be the first person to take a major social change in market across the world. It's quite reference to the microcredit summa.

At the bottom of the pyramid, many Latin American countries are seeing a boom in microcredit. The best example is Peru.

Declining remittances and a tightening of micro-finance lending would further restrict the funds available to women to run their households.

The bank said it would offer services including small loans and consumer credit, but gave no details.