World Bank Bullies Threaten Triumphant Micro-Lender
|January 9, 2007||Posted by Staff under Archive, Progress Report, The Progress Report|
Innovative Bank Started With Just $27
The Grameen Bank: A Decentralized Success
You have probably heard of micro-loans, those tiny sums lent to Third World women who then perform incredible entrepreneurial feats and greatly improve their lives? Read about the fellow who invented them.
The micro-loan idea has caught on very successfully in many nations. Now the problem is that the World Bank may mess it all up, by trying to centralize and bureaucratize these grassroots lending enterprises. Here’s a great story about it —
What’s your opinion about micro-lending and the World Bank? Tell The Progress Report what you think!