"Hello, Mama Sheehan? Missed it by THAT much!"
Posted on 10/14/2006 6:49:47 AM PDT by Valin
Recipients form groups of five and members qualify for future loans only if all are current on old ones. The results are hard to argue with - the bank says it has a 99 percent repayment rate.
Many Asian groups do the same thing here in the USA. Loans get paid back by the those who succeed while the losers are frozen out even as their debts get repaid (although sometimes they must repay their debts within the community). It works extremely well, especially in rural villages and tight-knit ethic communities.
at least they didn't give it to Cindy Sheehan lol
There are lots of stories on the web about the Grameen Bank. You could look some of them up. I understand it's easier to just sit on FR and say "I'm cynical", though. The Grameen Bank has been around - and has been well publicized - for several years. It's apparent that you never heard of it before this week.
So has Amway.
Yeah, yeah, and "the opportunities are unlimited".
So I waaaaas right about the pantload being in your head.
BWAAAAAAAAAAAAAAAAAAHAHAHAHAHA!
They have to- to get a loan they have to make sure the other four women they are tied to pay up.
But here’s what I’m curious about- why would a guy running loan program which has a loan repayment rate of 98-99% need US SBA grants and $13 million from the US State Dept?
Here’s one:
MAY 2012 : (BANGLADESH : INVESTIGATION OF GRAMEEN BANK [see MOHAMMAD YUNUS, CLINTON FOUNDATION]) Membership has its privileges.[http://dailycaller.com/2017/04/25/exclusive-hillary-aides-threatened-prime-ministers-son-with-irs-audit/]
A Bangladesh government commission was investigating multiple charges of financial mismanagement at Grameen Bank, beginning in May 2012. Muhammad Yunus, a major Clinton Foundation donor, served as managing director of the bank.
-—— Did Clintons Try to Shut Down Investigation of Foundation Donor w/IRS Audit?
April 26, 2017 Daniel Greenfield 7
Maybe because the philanthropist and his companies and associates received millions from the US taxpayer and kicked back a hundred thousand or so to a "charitable" Clinton foundation?
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