Microcredit as a Tool for Empowerment: The book emphasizes how microcredit, or providing small loans to entrepreneurs in developing countries, can be a powerful tool for empowering individuals and communities.
Entrepreneurial Spirit: It highlights the entrepreneurial spirit that exists in many impoverished communities and how microcredit can unlock the potential of individuals to create and sustain their own businesses.
Poverty Alleviation: The authors argue that microcredit has the potential to contribute significantly to poverty alleviation by providing financial resources to those who lack access to traditional banking services.
Case Studies: The book likely includes case studies and real-life examples of individuals or communities that have benefited from microcredit programs, illustrating the impact of this approach.
Barefoot Banking: The concept of "barefoot banking" may be discussed, referring to the idea that financial services can be brought directly to individuals in underserved areas, often bypassing traditional banking infrastructure.
Sustainable Development: The authors may discuss how microcredit fits into the broader framework of sustainable development and how it can create lasting positive changes in communities.
Challenges and Criticisms: It may address the challenges and criticisms associated with microcredit programs, discussing issues such as interest rates, loan repayment, and the potential for exploitation.
Partnerships and Collaboration: The importance of partnerships and collaboration between microcredit institutions, governments, and other stakeholders in fostering economic development.
Social Impact: The book likely explores the social impact of microcredit, examining how it can contribute to improved education, healthcare, and overall well-being in communities.
Scaling Solutions: Discussions on how to scale successful microcredit models and integrate them into broader economic development strategies.
Language | English |
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ISBN-10 | 0070659613 |
ISBN-13 | 9780070659612 |
No of pages | 224 |
Font Size | Medium |
Book Publisher | Tata Mcgraw-Hill |
Published Date | 01 Jan 2007 |
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A Billion Bootstraps unearths the roots of the microcredit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and microcredit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by "barefoot bankers," enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures.