Lesson21-120MillionMicroentrepreneurs

Lesson21-120MillionM - • Over 3,000 microfinance organizations • Over 100 million borrowers • About 80 of borrowers are women It started here

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100 Million Microentrepreneurs 100 Million Microentrepreneurs Lesson . . Lesson . . April 18, 2011 April 18, 2011
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This Week Today: Over 120 million marginalized entrepreneurs around the world now have access to formal financing (Lesson 21) Haase Wednesday: More than one-quarter of a million people died in natural disasters (Lesson 22) Read Diamond, pp. 329-357
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Per capita GDP, by Region 1820-1998 Source: ECLAC/CEPAL Graph by Tom Hale, July 2003 Over the past 200 years, global inequality has increased dramatically
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Geography shows the stark income differences… Source: UNDP - The richest 1% of the world’s population receive as much income as the poorest 57%. - Income of the richest 25 million Americans is about equal to the 2 billion poorest. - In 1820, Western Europe’s per capita income was three times higher than that of Africa, now it is more than 13 times higher. Source:UNDP
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The Global Microfinance Industry
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Unformatted text preview: • Over 3,000 microfinance organizations • Over 100 million borrowers • About 80% of borrowers are women It started here http://www.grameenfoundation.org/video-gallery Microfinance • Credit • Savings • Insurance • Remittances • Microfranchising The Unresolved Questions of Microcredit • Can we alleviate poverty by integrating the poor into the system that exploits them? • How can making women compete with each other empower them? • Can you empower women without changing men? Shortcomings of Microcredit • Interest rates are too high • It does not address the fundamental causes of poverty and discrimination • Rather than empowering women, it can create a double workload Microcredit providers should… • Subsidize interest rates • Lend/grant collectively • Encourage borrowers also to be civically engaged • Provide support services for women...
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This note was uploaded on 02/22/2012 for the course SOC 1010 taught by Professor Angelikagulbis during the Spring '08 term at Toledo.

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Lesson21-120MillionM - • Over 3,000 microfinance organizations • Over 100 million borrowers • About 80 of borrowers are women It started here

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