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Snehal commented on The Success of Microfinance


Its a great starting point to lead the social-innovation further. I have been reading about Muhammad Yunus- the man behind Gramin Bank in Bangladesh, since few years when he visited India and was praised a lot during his India trip by the indian media for his empowerment initiatives he had implemented in his country.

The fact that these people those who are termed as the "high risk prospects" actually have the lowest default rates (less than 2%) and this essentially earns them a lot more Respect within their community than the financial stability and If we embark upon this notion of "Earning respect through financial literacy", It will lead us to the more sustainable solution for the challenge we are discussing here.

Again- thanks for sharing!!

Now... this is something really remarkable!! @Sasha: Thanks a lot for sharing this one!!
@Shivani: The whole experimental idea of simplifying the 'finance' as a term is quite inspiring. It would be interesting to see how it unfolds in the other regions and contexts. I am really excited to see those faces with so much confidence of taking their entrepreneurial zeal to the next level.

Cheers :)