Word: microcredit
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Dates: during 2000-2009
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...Bangladesh, Grameen Bank charges the lowest rate among all microcredit programs, and yes, we make a profit. But Grameen Bank is owned by the borrowers, so when we make a profit, it goes back to the borrowers as dividends...
...think it is ethical to charge the poor interest and make a profit out of it? -Hasan Iqbal, Sundsvall, Sweden In Bangladesh, Grameen Bank charges the lowest rate among all microcredit programs, and yes, we make a profit. But Grameen Bank is owned by the borrowers, so when we make a profit it goes back to the borrowers as dividends...
...Microfinancing empowers Bangladeshi women. Is it driving cultural change? Lucas Torrin, Ottawa The most dramatic thing that has happened in Bangladesh in the last 25 years is the total change in the status of women. Microcredit has played a very important role in that, particularly with poor women...
...been difficult to implement microcredit schemes in Africa? Obi Iwuagwu, Lagos, Nigeria We have a program in Zambia and we have absolutely no problem. If somebody says microcredit doesn't work in Africa, I will not agree because I see it working...
...mothers had an average of 6.2 children. Today the average is 3.1. The population growth rate has drastically come down and among many explanations is the empowerment of women. They became aware of their ability to handle their lives and make decisions about how many children they will have. Microcredit is not a population program, but it has helped women to see how they can live their own lives...