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Microcredit in Action
Microcredit is a successful banking system for extending tiny loans with no collatorial to the very poor and destitute for their very small businesses. Normally commercial interests are charged. This unusual idea was pioneered by Economic Professor Muhammad Yunus of Bangladesh who started the idea and founded the Grameen Bank for such loans 30 years ago. It is remarkable in that it commercially viable while deservingly promoting self-help enterpreneurship among the very poor, especially the women in the families. The banking idea has since spread extensively in Bangladesh, India and many other poor countries, and even to rich countries including the USA. In a unique recognition, the 2006 Nobel Peace Prize was jointly awarded to Yunos and his Grameen Bank. ... This painting shows a group of poor female villagers sitting on ground mats outdoors receiving or returning loans from microcredit bank officers.
24"H x 36"W
Price:$NFS
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