SOC354H5 Lecture Notes - Lecture 6: Grameen Bank, Hillary Clinton, Millennium Development Goals
Document Summary
Mohammed the idea of doing business with the poor. This has spread to almost every country in the world. Problem: people are poor therefor microloans were given to improve their lives. He first started off by lending some money to a few people. Then he wanted to do it for everyone. By mid 90"s world has learned about the microloans in bangladesh. These microloans have been used to build houses for the poor. To some the small microloans were very helpful. In france: researcher says that it is a great way. You borrow and then work and pay it off. U. s. a ; economist says that you can take millions out of poverty. People in bangladesh are annoyed because they have been promised things but didn"t keep promises. They said houses would be built but houses were not made. After clintons visit, another researcher came in to check out the microloan idea.
