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Viewing report
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Microfinance The Secret to Sustainable Growth. Edition No. 1
VDM Publishing House, Aug 2009, Pages: 84
With the 2006 Nobel Prize for Peace awarded to Muhammad Yunus, the light in the homes of the poor has been finally switched ON. No other mediator, of the developing world problems, be that development aid or charity, has managed to emphasize or solve in a more prominent way the painful sorrows within the lives of the poor. Loans to the poor as a win-win business opportunity?! This might have been hard to imagine in the case of people with no material collateral, but was real enough to make a difference. The book takes a human-centered, sustainability approach and emphasizes what truly engages the poor in keeping their end of the bargain. Second, it takes a world wide perspective, from Asia to Africa and Latin America. Third, it analyzes the core premises of the current and prospective ecosystem and suggests an approach that can balance poverty alleviation and stimulate economic growth without stressing the ecosystem. This can prove to be the 'miracle' for which the developed world has been 'praying' for. Last but not least, the book intends to raise the awareness and consciousness level towards the potential of this approach for worldwide long term sustainable development.
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