Small Loans,Big Dreams

Alex Counts

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Microfinancing is considered one of the most effective strategies in the fight against global poverty. And now, in Small Loans, Big Changes, author Alex Counts reveals how Nobel Prize Winner Muhammad Yunus revolutionized global antipoverty efforts through the development of this approach. This book presents compelling stories of women benefiting from Yunus s microcredit in rural Bangladesh and urban Chicago, and recounts the experiences of different borrowers in each country, interspersing them with stories of Yunus, his colleagues, and their counterparts in Chicago.

What will you learn from this book

  1. Microfinance Origins: Explores the origins and evolution of the microfinance movement, tracing its roots and the pioneers who championed this approach.

  2. Empowerment through Microloans: Discusses how providing small loans to impoverished individuals, often without collateral, empowers them to start or expand small businesses, improving their livelihoods.

  3. Social and Economic Impact: Examines the social and economic impact of microfinance on individuals and communities, including increased income, entrepreneurship, and women's empowerment.

  4. Role of Women: Highlights the significant role of women in microfinance as both recipients and agents of change, discussing how access to credit can transform their lives and communities.

  5. Innovation in Financial Services: Explores the innovative financial products and services offered through microfinance institutions, beyond just credit, such as savings, insurance, and financial education.

  6. Challenges and Criticisms: Addresses challenges and criticisms faced by the microfinance industry, including issues of sustainability, overindebtedness, and ethical concerns.

  7. Scaling Impact: Discusses strategies for scaling the impact of microfinance, reaching more underserved populations, and expanding financial inclusion.

  8. Lessons Learned: Analyzes lessons learned from successful microfinance initiatives worldwide and their application to broader poverty alleviation efforts.

  9. Partnerships and Collaborations: Explores the importance of partnerships between microfinance institutions, governments, NGOs, and other stakeholders in achieving sustainable impact.

  10. Future of Microfinance: Considers the future trends, challenges, and potential innovations in the field of microfinance, discussing its continued relevance in addressing global poverty.

Language English
ISBN-10 9780470196328
No of pages 410
Font Size Medium
Book Publisher John Wiley & Sons
Published Date 21 Apr 2008

About Author

Author : Alex Counts

1 Books

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