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In Bangladesh, Grameen lends to poor women seeking to start small enterprises who cannot borrow from banks because they do not have accounts or a high enough credit rating. The bank, which started with $27 in loans Mr Yunus made to 42 women in Bangladesh in 1976, has now made more than $6.5bn in loans to 7m people in the country.
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http://www.ft.com/cms/s/0/a612164c-dbf8-11dc-bc82-0000779fd2ac.html
Note: http://www.ft.com/cms/s...
Bangladesh Bank Offers Loans To US Poor
Posted on Saturday, February 16 at 15:32 by N SayContributed By
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take 3rd world countries "innovative" ideas to take us back to where we started
and where our own Bank of Canada left off?
While reading this I had a vision of all working people becoming their own
business, doing what they are talented at and not being held hostage by some
large corporate need. Micro-managing, living on the only level where change is
possible. To survive I see us going back to the beginning of the industrial
revolution and having to start all over again, hopefully with some wisdom
behind it. Essentially going back to the future.
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"The most sustainable product is the one you never bought in the first place."
Alex Steffan