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Which, given that it was succesful in the first locality it was applied by the guy who won the nobel prize, suggests that there's more to how it works than the blunt hammer of lots of small loans.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 25th, 2008 at 06:29:54 AM EST
[ Parent ]
Dr Yunus, who set up Grameen Bank, is extremely dismayed at the way that the microfinance he pioneered has become perverted.

That is why his focus is now upon "Social Business" carried out on a "Not for Loss" basis, as he puts it, to address the problem identified in the letter. But he's scratching his head to find an enterprise model that works.....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Thu Dec 25th, 2008 at 06:59:06 AM EST
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