Replies

1 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..

Click on link for more

2 posted on 10/14/2006 6:51:21 AM PDT by Valin (http://www.irey.com/)

The results are hard to argue with - the bank says it has a 99 percent repayment rate. The bank says it has loaned $5.72 billion to 6.6 million Bangladeshi, 97 percent of whom were women

99 percent repayment rate on loans to 6.4 million Banglidesh women?

What a pantload. Those Nobel prize people are not the brightest bunch.

3 posted on 10/14/2006 6:53:56 AM PDT by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)

Its business loans carry a rate of 20 percent, significantly higher than the 10-15 percent charged by commercial banks. "While the poor pay 20 percent interest for their loan, the rich pay much less. It can't be called social justice," said S.M. Akash, an economics professor at Dhaka University.

20% is better than 100% or no loan at all. There has to be some business logic involved.

7 posted on 10/14/2006 7:29:23 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)

Until the merchant class is powerful enough to demand an end to corruption in the government, not much will change.

9 posted on 10/14/2006 7:31:30 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)

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)

11 posted on 10/14/2006 7:33:36 AM PDT by airborne (If Democrats win in November, America will suffer.)

George Bailey was robbed!!!

12 posted on 10/14/2006 7:33:56 AM PDT by socal_parrot (Chicks dig me.)

14 posted on 10/14/2006 7:58:16 AM PDT by Valin (http://www.irey.com/)

I guess Cindy didn't win, poor thing //sarc

15 posted on 10/14/2006 8:16:20 AM PDT by RDTF (Iraq: terrorist flypaper)

"Hello, Mama Sheehan? Missed it by THAT much!"

21 posted on 10/14/2006 9:50:02 AM PDT by kenth (There are three kinds of people in the world. Those who can count, and those who can't.)

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