Banker To The Poor: Micro-Lending and the Battle Against World Poverty

by Muhammad Yunus | Biographies & Memoirs | This book has not been rated.
ISBN: 1586481983 Global Overview for this book
Registered by wingghirwing of Honolulu, Hawaii USA on 3/11/2016
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1 journaler for this copy...
Journal Entry 1 by wingghirwing from Honolulu, Hawaii USA on Friday, March 11, 2016
An economics professor sees people in his county (Bangladesh) dying of starvation and starts to ponder what the solution could be. The very poor are stuck in near slavery conditions because they have no money, no assets and, therefore, no credit from banks to change their situation. He and his grad students begin an experiment to provide small loans to help individuals to escape often abusive arrangements with the vendors who let them buy supplies on credit only if they sell their products back to them at unfair prices. Overcoming initial distrust, the program spreads to other villages and eventually to other nations.

Journal Entry 2 by wingghirwing at Savers - King Street in Honolulu, Hawaii USA on Sunday, April 21, 2024

Released 4 wks ago (4/22/2024 UTC) at Savers - King Street in Honolulu, Hawaii USA


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