Wednesday, 21 July 2010

MICRO FINANCE - Arriba Ya (a new departure)

"Micro Finance" and "Micro Economic Development" are popular catch words these days. But they were unknown in 1975 when our founder first tried making loans to the same people who are now the bulwark of the thousands of NGOs and little banks which offer micro credit. In 1975 our founder was laughed off of Wall Street for trying it. Along came Muhammad Yunus
and taught us all how to it right.And now - at last - we too are doing it right.We are even experimenting with minor advances on the core Graneen system: we have found a way to help extremely poor women gain acceptance as respected clients of High Street Banks. Arriba Ya

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