Business money is limitless. ...

Credit is a business. You don t ask a grocery shop, why they are selling food to people? Do they get healthy; do they get sick from purchasing the products from the shop? This is a service if you need it, you pay for it, you buy......

It is important that people are able to distinguish between social microcredit and commercial microcredit and make sure they don t get drawn into commercial microcredit. We are promoting social microcredit. And commercial microcredit is an abuse of its concept. ...

hellip;you must focus on women in microcredit. And that s the best and one of the most important things to do. The impact will be tremendous if you enter the families through women. ...

If you rsquo;re using microcredit the way it should be used, as we are, the profits go back to the borrowers. There rsquo;s no way you can describe that as bloodsucking. ...

Credit is a human right ...

But I do say everybody is entitled to financial services hellip; access to credit is a human right. A homeless person should have the same right as a rich person to go to a bank and ask for a loan depending on what case he presents. ...

Conventional banks and credit cooperatives usually demand lump sum payments. Parting with a large amount of cash at the end of a loan period is often psychologically trying for borrowers. They try to delay the repayment as long as they can and in the process they make ...

In structuring our credit program, I decided to do exactly the opposite of traditional banks. To overcome the psychological barrier of parting with large sums, I decided to institute a daily payment program. I made the loan payments so small that borrowers would barely...

The ultra-left has always hated us hellip;They believe our plan is to spread the seed of capitalism by giving poor people just enough money that they don rsquo;t demand an end to power by the rich. The extreme right is also upset with us because they think that......