[Homestead] Grameen "banks"
tonihawr at msn.com
Sun Sep 5 13:34:09 EDT 2004
> The Grameen Bank in addition, inculcates even greater responsibility by lending to groups of women, making a group responsible for the debts of each individual woman, so they watch and cooperate with each other to minimize their own financial risk.
"Little league" teamwork taught to
those who have been excluded from
"team sports" ....
> Moreover, women in the Grameen experience, put aside a portion of their earnings to be re-invested in their initial or related business, so the multiplication factor is very high., and small initial amounts of capital quickly grow to large size.
"Once upon a time" even American
children were taught to have savings
accounts and their pennies welcomed
by banks .... sigh ....
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