The Price of a Dream: The Story of the Grameen Bank
Books / Hardcover
Books › Business & Economics › General
ISBN: 068481191X / Publisher: Simon & Schuster, May 1996
Details how the Grameen Bank of Bangladesh takes an innovative approach to alleviating poverty
Read More
One afternoon in 1976 an economics professor, taking a walk in a village in Bangladesh, met a poor woman. The woman was trying to support herself by constructing and selling bamboo stools. She earned two cents a day. When the professor asked her why her profit was so low, she explained that the only person who would lend her money to buy bamboo was the trader who purchased her final product and the price he set barely covered her costs. The professor's instinct was to open his wallet and give her some money. Then he had another thought: Why not give her a loan?
Read Less