On Demand
Bankers for the Unbanked
Thursday, May 01, 2008
Last month, microcredit lender Grameen Bank brought its unique style of lending to Queen’s mainly immigrant neighborhood of Jackson Heights. Ritu Chatree of Grameen America discusses how the methods from the East are faring in the West.
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In Bangladesh, I thought the loans were for those in extreme poverty. Does Bangladesh have entitlement programs. In America the poorest of the poor are on welfare and food stamps. Why would someone open a business when they can collect food stamps and welfare?
jim,
haha, you know people don't want to "collect food stamps and welfare?"
Sorry Jim you are living in a dream world. Vote for Reagan in November! You can write him in!
Don't forget about Project Enterprise (projectenterprise.org) - in operation for over 10 years and deeply established in NYC's low-income neighborhoods. PE's mission: To support and develop entrepreneurs and small businesses in under-resourced communities in New York City. By providing micro loans, business development services and networking opportunities, Project Enterprise helps entrepreneurs increase their standard of living, create jobs for their communities, and build financial assets.
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