Posted on 10/14/2006 6:49:47 AM PDT by Valin
Grameen Bank
http://www.grameen-info.org/
About Grameen
When we started giving out tiny loans under a system which later became known as the Grameen Bank, we never imagined that one day we would be reaching hundreds of thousands, let alone five million, borrowers.
Grameen Bank
Provides credit to the poorest of the poor in rural Bangladesh without any collateral. At Grameen Bank, credit is a cost effective weapon to fight poverty and it serves as a catalyst in the overall development of socio-economic..
Grameen Family
There are now more than two dozen organizations within the Grameen family of enterprises. These include the replication and research activities of Grameen Trust, handloom enterprises of Grameen Uddog and fisheries pond management by Grameen Motsho or the Fisheries Foundation. More about Grameen Family..
Microcredit
Microcredit is the extension of small loans to enterpreneurs too poor to qualify for traditional bank loans. It has proven to be an effective and popular measure in the ongoing struggle against poverty, enabling those..
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99 percent repayment rate on loans to 6.4 million Banglidesh women?
What a pantload. Those Nobel prize people are not the brightest bunch.
Banks are not known for throwing money away...why would they make this up?
What a pantload.
?
There have been a lot of studies on the Grameen Bank, and the repayment rate really is amazing. I remember reading an interview where the interviewee said that the genius of it was loaning primarily to women - their sense of community and responsibility to help each other were the key.
20% is better than 100% or no loan at all. There has to be some business logic involved.
Sounds sexist to me.
Until the merchant class is powerful enough to demand an end to corruption in the government, not much will change.
It may be, but that was the rationale given in the interview.
Even though Cindy Sheehan said she was a candidate, the people who award the Nobel said the list is never released, and experts who would know have said that Cindy wasn't on the list, and was never even considered.(heard on FOX this AM)
George Bailey was robbed!!!
I think the pantload you reference just might be in your head.
And I suggest you read the entire article before shooting your mouth off next time.
More here.
I guess Cindy didn't win, poor thing //sarc
I'm gonna lie to ya, there were tears on my pillow last night.
Look, balrog, I just don't buy it.
And you want to take a shot at me, flame away, big man. I can take it. I've been around usenet since long before these wimpy moderators.
Snap out of it, man.
They have lent $5.72 billion to 6.6 million people? That's $867 per person in a country with a per capita income of $444 a year. This is high-interest revolving credit. Read the article, many of these people bail themselves out by going to other high-interest lenders.
Yes?
If it works, that's great.
I'm cynical, though, this sounds "too good to be true" and one of those stories that hits all the "buttons".
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