Word: microcredit
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Dates: during 2000-2009
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Adolfo Facussé, a Honduran textile baron who heads the National Industrial Association, insists the wealthy are doing their part to promote efforts like microcredit and new schools. He blames a political culture that's obsessed with the spoils of office instead of civics and progress for all. But even he concedes that "Honduras has to change after this." It's for that reason, Lobo claims, that he's moved his conservative National Party to the center. The next government should "reflect more Christian humanism. We've been too alienated from the poor...
...most dramatic thing that has happened in Bangladesh in the past 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...
...have a program in Zambia, and we have absolutely no problem. If somebody says microcredit doesn't work in Africa, I would not agree. I see it working...
Thirty years back, Bangladeshi 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. Microcredit is not a population program, but it has helped women see how they can live their own lives...