Back in January 2007 our group read Banker To The Poor: Micro-lending and the Battle Against World Poverty by Muhammad Yunus which is basically a story of the birth of micro credit. Even for those who struggle with economics this book easily explained the principle of loaning small amounts to small, start up businesses usually individuals. In catching up with the newspapers I came across a couple of articles which relate directly to this simple and fairly successful practice.
http://www.nytimes.com/2009/12/26/your-money/26money.html?_r=1&emc=eta1
http://online.wsj.com/article_email/SB126055117322287513-lMyQjAxMTIwNjEwNTUxNTUxWj.html
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January 2024
Life 3.0
About Me
- rsb
- I decided to write a blog mostly so the members of my book club could easily access information regarding our book selections, dates of meetings and other general stuff of interest.
I just discovered Muhummad Yunus brought his bank to the US, in New York actually. There’s a new documentary coming out about it. If you’re interested, check it out: http://www.tocatchadollar.com
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