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LEARNING by Muhammad Yunus, Social Entrepreneur

Muhammad Yunus ( Social Business: From vision to action "TIP!) is someone I want here put forward turn

Mr. Yunus is an economist from Bangladesh and founder the microcredit Grameen Bank forgiving.
2006 he was awarded the Nobel Peace Prize . His bank provides these mini-sums of "professional" female in very poor areas in Bangladesh, for their "business" to start. for example, buy a cow to sell milk to buy a sewing machine, then sew textiles oä

• and what do you mean how high the return rate of loans?

at 98%. (!!!) incredible.

Such figures wanted some "normal" bank.

This particularly women entrepreneurs got no credit from the "normal" banks (of course, if the start of credit ...) and when it came to sums of less than U.S. $ 100.

To listen to like Günter Faltin whose book / audio book, I recommend VERY VERY ( HEAD proposes CAPITAL " ) in talks to Mr Yunus and tries to find HOW we in our part of could at minimal cost to themselves entrepreneurs are ... exciting. Both:)

history of the Grameen Bank (see wikipedia)

a system in which the borrower - felt obliged to repay the basis of personal bonds - almost exclusively women. And they were members - that is, co-owner - the Bank: The Grameen Bank is one their customers. Why were loans his Grameen Bank (gram means "village"; completely translated the term means something like: "Banks in the country") are offered only under the condition that joined together in the villages of small groups that were trained by bank employees and vouched for each other. Only when the first two group members to their personal Credit a while back had paid regularly, the next in turn received a loan, so that was a timely repayment of interest. Over 98% of new loans, often at a height of less than $ 50, have been repaid. Also committed themselves to the members, one - to set up savings account and use all the time - albeit modest. The Grameen Bank is

for the award of credits z further conditions :

* The applicant must explain what he intends to use the borrowed money.
* The acquisition of radio or TV sets with this money is prohibited.