By Alex Counts
Microfinancing is taken into account the most potent techniques within the struggle opposed to worldwide poverty. And now, in Small Loans, colossal adjustments, writer Alex Counts finds how Nobel Prize Winner Muhammad Yunus revolutionized worldwide antipoverty efforts during the improvement of this technique. This ebook offers compelling tales of girls profiting from Yunus’s microcredit in rural Bangladesh and concrete Chicago, and recounts the stories of alternative debtors in every one kingdom, interspersing them with tales of Yunus, his colleagues, and their opposite numbers in Chicago.
Read or Download Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World PDF
Best economic conditions books
Political financial system has been a vital realm of inquiry and has attracted myriad highbrow adherents for far of the interval of recent scholarship, even supposing its formal break up into the designated disciplines of political technological know-how and economics within the 19th century has restricted the research of significant social matters.
Reprint of the per month evaluation variation of 1983, with a brand new epilogue, and foreword by way of Dan Boylan. Annotation copyright publication information, Inc. Portland, Or.
Publication through Mao Zedong, Mao Tsai'tung
In an age whilst pundits consistently decry overt political bias within the media, we've got obviously develop into skeptical of the scoop. however the bluntness of such opinions mask the hugely refined ways that the media body very important tales. In entrance web page Economics, Gerald Suttles delves deep into the files to ascertain insurance of 2 significant financial crashes—in 1929 and 1987—in order to systematically holiday down the way in which newspapers normalize crises.
- A Nation of Moochers: America's Addiction to Getting Something for Nothing
- Selected Works of Michael Wallerstein: The Political Economy of Inequality, Unions, and Social Democracy
- A History of the European Economy, 1000-2000
- The Decline of American Capitalism
- The Family in the Mediterranean Welfare States
Extra resources for Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World
These celebrations surpassed anything I had imagined I would see in Bangladesh—a country where the per capita income is 100 times less than in the United States. Reflecting my state of mind at the time, I wrote in a personal letter on January 11: Grameen Bank borrowers come out of the closet society puts them in. Seeing them come out is an awesome spectacle. Each year,Yunus comes to huge gatherings of centers, which is to say, groups of borrowers within the branch. One such celebration last week consisted of more than two thousand borrowers, hundreds of their children, and the local Grameen employees—people as far as the eye could see.
At the time of the publication of the ﬁrst edition of this book, the outreach of all MFIs in Bangladesh was estimated to be six million. Yunus helped spawn new entrants and the scaling up of existing MFIs through his involvement in launching PKSF, a microﬁnance wholesale fund that became a kind of central bank for MFIs in the country. ) By 2006, the outreach of the microﬁnance sector was more than 15 million, which meant that about three-quarters of all poor families in Bangladesh were beneﬁting.
This balanced paper has helped ensure that dialogues about poverty impact are grounded in empirical data rather than the inevitable desire for some people to tear down anything that is remotely hopeful. Not surprisingly, Grameen Bank was the subject of several of the most intensive studies. Yunus was himself very curious about what was happening to his poor and (increasingly) formerly poor clients and welcomed any serious research team, even those that were initially skeptical or hostile. This openness and transparency, not to mention the positive ﬁndings of the studies, helped catapult him into a leadership position in the microﬁnance movement and the larger antipoverty campaigns of recent years.