The New Liberal Approach to Poverty Elimination

i think it's worth sort of pulling this up. This is from a capital biography of mohammed unis. And when he me how he came up with the idea in the 19 seventies, again in 19 76. He saw basket weavers living in poverty, despite their skills considered poor. Credit risks, these artisans were forced to borrow money at usurious interest rates. So from his own pockets, unis made a loan to a group of women who repaid the funds,. and for the first time, managed to make a profit net of interest. Poverty should be eradicated, that should not be seen as a money making opportunity.

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