They explained to me that the bank cannot lend money to poor people because these people are not creditworthy. ...
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it s a doable proposition. ...
Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs. ...
Credit is a human right that should be treated as a human right. If credit can be accepted as a human right, then all other human rights will be easier to establish. ...
In the future the question will not be, lsquo;Are people credit-worthy, but rather, Are banks people-worthy? ...
nbsp; Who is creditworthy? Is it the large banks with large clients? They cannot obtain their money back ... whereas the poor taking tiny loans, without collateral, are paying every penny of it and changing lives, ...
Big brands are popular; it gets imitated by fake ones. Same thing happens with microcredit. -People have to be made aware of what is microcredit and why it is important to stick to the real microcredit and not the one which has a different motivation. ...
If you look at the gender composition of all the borrowers of all the banks in Bangladesh, not even 1 of the borrowers happen to be women. ...
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame. ...
Today, the concept of business is to make money. Making money is the name of the business. ...
