Bangladesh: What they want to be
This latest video from The Green Children Foundation features some students in Bangladesh who are benefiting from a microcredit program there. The loan program is one of the activities of The Grameen Bank. From the Green Children partners page:
Grameen Bank is owned by the seven million poor borrowers it currently serves, 97 percent of whom are women. It does not require any collateral against its micro–loans, and repayment responsibility rests solely on each individual borrower. The bank has a loan recovery rate of almost 99 percent.
The founder of the Grameen Bank is Professor Muhammad Yunus. The economist was awarded the Nobel Peace Prize in 2006 in recognition of his economic and social development work for poor people.
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