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