Hello! You are part of a community of millions who seek out Democracy Now! each month for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $10 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $
Friday, September 6, 1996 FULL SHOW | HEADLINES | NEXT: Micro-Lending, continued
1996-09-06

History of Micro-Lending and Grameen Bank

download:   Audio Get CD/DVD More Formats
DONATE →
This is viewer supported news

MANY HAVE CRITICIZED PRESIDENT CLINTON’S WELFARE REFORM PLAN WHICH CUTS FEDERAL CASH ASSISTANCE TO WOMEN AND CHILDREN WITHOUT GUARANTEEING JOBS THAT WILL LIFT FAMILIES OUT OF POVERTY. ONE ALTERNATIVE TO WELFARE THAT’S GAINING POPULARITY AND SUCCESS AROUND THE WORLD IS MICRO-LENDING, PROVIDING SMALL, SHORT TERM LOANS TO WOMEN TO HELP THEM START AND SUSTAIN SMALL BUSINESSES. IT STARTED IN BANGLADESH, WHERE A MAN NAMED MUHAMMAD YUNUS FOUNDED THE GRAMEEN BANK TO MAKE LOANS TO PEOPLE WHO HAVE NO CREDIT HISTORY AND NO COLLATERAL, AND NOW SIMILAR LENDING PROGRAMS ARE UNDERWAY IN THE UNITED STATES.

GUEST:
ALEX COUNTS: AUTHOR OF "GIVE US CREDIT, HOW MUHAMMAD YUNUS’ MICRO-LENDING REVOLUTION IS EMPOWERING WOMEN FROM BANGLADESH TO CHICAGO."

DAVID BORNSTEIN, AUTHOR OF PRICE OF A DREAM: THE STORY OF THE GRAMEEN BANK AND THE IDEA THAT IS HELPING THE POOR CHANGE THEIR LIVES.


Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.