knowing that the loan must be paid back‚ people spend the money on important things that will help them later on. If microloans are specifically given to the poor and meet cultural‚ economic‚ and legal environments‚ the poor can repay the loans. Some banks are specifically giving these types of loans to women. The benefit of targeting women
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for others. In other words‚ they cannot start a small business. Fortunately‚ the idea of micro-credit program releases small loans to the poor for income generating self-employment projects (S. McDonnell‚ 1999). Taking Grameen Bank for example (S. McDonnell‚ 1999)‚ The Grameen Bank
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References: Bennett‚ L‚ and MGoldberg (1993): ’Providing Enterprise Development and Financial Services to Women: A Decade of Bank Experience in Asia ’‚ Technical Paper 236‚ Human Resources and Social Development Division‚ World Bank. Bhattacharya‚ D‚ N Faiz and S Zohir (2000): ’Policy for Employment Generation in the Informal Sector of Bangladesh ’‚ prepared for the National Action Plan for Non-formal Employment Generation‚ Planning
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In Candace Allen’s article titled “The Entrepreneur as Hero”‚ she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur‚ finding themselves in a difficult situation then finding ways to get a solution. Furthermore‚ she also mentioned that “The heroic entrepreneur will continue to anticipate what
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SWEETS AND SOURS OF SOCIAL BUSINESS: A CASE STUDY ON GRAMEEN DANONE FOODS LTD. Mehdi Hussain‚ Dr. Abdul Hannan Chowdhury and Bashir Hussain The number of people suffering from severe undernutrition and food insecurity recently reached one billion‚ and most of those affected live in developing countries (Lean‚ 2009). The economic and financial crisis is stimulating discussion about the future role of business in case of major social problems likes hunger. There is growing acceptance of the need
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microfinance as a new tool for development began getting much attention from international institutions and donors. The microfinance program recognized by Mohammad Yunus‚ established the Grameen Bank in Bangladesh‚ and now plays a large role in development. In the past‚ large institutions such as the IMF and the World Banks would impose strategies and practices like the Washington Consensus on developing nations. The microfinance approach directly provides credit to the hands of the poorest individuals
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Challenges for social entrepreneurs The field of social entrepreneurship is growing rapidly and attracting increased attention from many sectors. The term itself shows up frequently in the media‚ is referenced by public officials‚ has become common on university campuses. One of the most important reasons behind the popularity of social entrepreneurship is the inherently appealing stories about entrepreneurs and how they confront challenges. Finding the funding‚ building strong infrastructure
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not allow for certain subgroups to pursue economic freedom. Muhammad Yunus has seen this first hand. In Bangladesh‚ the women are traditionally the poorest and the most shackled group (Carlin‚ “What sort of man makes millions”). Yunus started Grameen Bank‚ a bank that lends money based on trust and uses the models of social business to achieve success. The bank’s primary borrowers are women (Yunus 71)‚ therefore‚ the efforts of Yunus have helped many women leave begging on the streets and given them
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«ПЯТИГОРСКИЙ ГОСУДАРСТВЕННЫЙ ЛИНГВИСТИЧЕСКИЙ УНИВЕРСИТЕТ» Институт лингвистики‚ коммуникационного менеджмента и инновационных технологий Кафедра английской филологии Загородникова Алена Иванова Екатерина Казаков Михаил Черткова Виктория Banks (Мини - проект по дисциплине «Практикум по МКК» (5 курс)) Специальность: 031203.65 «Теория и практика межкультурной коммуникации» Научный руководитель: ст. преп. Ковшикова Наталья Викторовна Пятигорск 2013 План мини - проекта
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Turkish Grameen Microcredit Program The Turkish Grameen Microcredit Program‚ applying the Grameen microcredit model developed jointly by the Turkish Foundation for Waste Reduction of Turkey and 2006 Nobel Peace Prize Laureate Professor Dr. Muhammad Yunus and working in direct collaboration with him‚ was launched in Diyarbakir on July 18‚ 2003 with the first microcredit checks given out by Prime Minister Mr. Recep Tayyip Erdogan. To date‚ the Program runs successful operations in Diyarbakir(with
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