Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MadIvan
The citation concluded: "Yunus's long-term vision is to eliminate poverty in the world. That vision can not be realised by means of micro-credit alone. But Muhammad Yunus and Grameen Bank have shown that, in the continuing efforts to achieve it, micro-credit must play a major part."

I wonder how our forefathers in the West ever accomplished what they did without micro-credit.

11 posted on 10/13/2006 3:56:04 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Moonman62
I wonder how our forefathers in the West ever accomplished what they did without micro-credit.

Who says they didn't have microcredit? You could take out small loans from general stores in the Old West.

15 posted on 10/13/2006 4:00:47 PM PDT by Alter Kaker ("Whatever tears one sheds, in the end one always blows one's nose." - Heine)
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Moonman62
I wonder how our forefathers in the West ever accomplished what they did without micro-credit.


What makes you think they did not have banks back then?


The first pioneers heading west from the East were not going out into the wilderness alone, there was a secure, stable nation behind them.

Those poor people in Bangladesh are trying to pull themselves up by their boot staps when they don't have any boots.

What this bank does should be commended. They are "teaching" people to fish, not providing the fish.

Will they be successful, I don't know, but they have a chance, and it is an effort worth doing.

22 posted on 10/13/2006 4:17:34 PM PDT by CIB-173RDABN
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson