If I remember correctly, this is a program that loans money to destitute people in order for them to start small, at home businesses. They loan money for things like a stove so that a woman can make money selling rice cakes to workers, or sewing machines so that they can make clothes to sell. I think this is a good program, if it is the one I am thinking of.
Agreed. This is a good thing. They loan like $25 for a loom, for people who want to make clothes. Banks wouldn't touch these folks, but it has allowed talented very poor people to work themselves out of poverty. That is all some poor folks need is just a tiny loan if they have skills and drive to do something. I like the concept in general.
How many stories have we heard in our country about somebody borrowing $200 for an idea and becoming wealthy. It happens. In bangladesh, $200 can finance somebody who is committed, into changing their lives.