Alex Counts

Small Loans, Big Dreams, 2022 Edition (eBook, ePUB)

Grameen Bank and the Microfinance Revolution in Bangladesh, America, and Beyond

• Format: ePub

Produktbeschreibung

Microfinance-providing low-interest loans and other financial services to help the poorest people lift themselves out of poverty-was pioneered by the Grameen Bank in Bangladesh. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize, and microfinance has since gone on to serve over 100 million people-mostly women-on five continents.

First published in 1996, Small Loans, Big Dreams is the classic account of the origins and development of microfinance, from the $27 in loans given by a young economics professor to liberate poor villagers from loan sharks to its present status as a sometimes-controversial global phenomenon. Alex Counts, a protegé of Yunus and founder of the Grameen Foundation, paints vivid portraits of the determined women he came to know whose lives have been transformed by the opportunity to launch a small business, first in the countryside of Bangladesh, then in downtown Chicago, where an experimental project brought the microfinance method to America.

In this new edition, Counts traces the history of microfinance, exploring the ways Grameen Bank has evolved in response to challenges from economic downturns to environmental crises. He depicts the various forms-some highly effective, others less so-that microfinance has taken in countries around the world, including Grameen America, the rapidly growing microfinance enterprise now headed by Andrea Jung that serves thousands of women across the U.S. Finally, Counts responds to critics who have questioned the value of the Grameen model and describes the lasting legacy of Yunus's remarkable vision. Small Loans, Big Dreams shows how microfinance can play a critical role in reducing the scourge of inequality by enabling underprivileged people to participate creatively in the global economy.

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Produktdetails

• Verlag: Rivertowns Books
• Seitenzahl: 410
• Erscheinungstermin: 11. Oktober 2022
• Englisch
• ISBN-13: 9781953943200
• Artikelnr.: 66301063

Autorenporträt

Alex Counts founded Grameen Foundation and became its President and CEO in 1997. A Cornell University graduate, Counts's commitment to poverty eradication deepened as a Fulbright scholar in Bangladesh, where he trained under Professor Muhammad Yunus, the founder and managing director of Grameen Bank, and co-recipient of the 2006 Nobel Peace Prize. Since its modest beginnings, Grameen Foundation has grown to become a leading international humanitarian organization. Counts is also the author of When in Doubt, Ask for More, and 213 Other Life and Career Lessons for the Mission-Driven Leader (Rivertowns, 2020); Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance Are Changing the World (Wiley, 2008), and numerous articles in the Stanford Social Innovation Review, the Washington Post, and other publications. Today he is an independent consultant to nonprofit organizations and an adjunct professor at the School of Public Policy at the University of Maryland College Park. Learn more about Alex Counts at www.alexcounts.com.