Nov
26
Does anyone recall the database started so people could provide small business loans to developing countries?
By
nipsy3 questioned:
I saw it on TV a year or so ago. If I’m not mistaken, the creator was in the running for the Nobel Prize. It was started so anyone who had some money to invest, could provide small loans to individuals in developing countries to start their own businesses. Then the loans were repaid with interest and the satisfaction of helping develope the economy of a small country. I reckon the preliminaries were had positive results, as people were repaying as they should. Does anyone have any information on it or a link?
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I saw it on TV a year or so ago. If I’m not mistaken, the creator was in the running for the Nobel Prize. It was started so anyone who had some money to invest, could provide small loans to individuals in developing countries to start their own businesses. Then the loans were repaid with interest and the satisfaction of helping develope the economy of a small country. I reckon the preliminaries were had positive results, as people were repaying as they should. Does anyone have any information on it or a link?
TheListWiz Facebook
Check the Oprah Winfrey show, a few weeks ago she had President Bill Clinton on speaking about his new book on “GIVING”, on that show she presented the people that made and ran the website that provided small loans to people in third world countries.
It was Mohammed Younus, the economist who place the word “microloan” on the map with the Grameen Bank in his native land of Bangladesh.
Here is his profile on the BBC website: