Microfinance - India
Tags: Microfinance
Length: 4:27
Description: This video shows our visit to a village 90 miles outside of Bangalore (India) where a "Microfinance" company is making small business loans (about $200USD) to the women in the village. This scene shows individual women applying for a loan while the other women in the village agree to guarantee the loan. Loans are used to finance income-producing assets such as livestock, rickshaws or raw materials for jewelry & tapestry making. This microfinance company operates in small rural villages throughout India. Proponents of microfinance believe that these loans will enable millions of rural Indians to rise out of poverty over the next decade. Bangladeshi economist Muhammad Yunus won the 2006 Nobel Peace prize for pioneering the microfinance business model.
http://www.washingtonpost.com/wp-dyn/content/article/2006/10/13/AR2006101300211.html
Author: TomGough2
Source: YouTube
