Monday, February 01, 2010

Can Microfinance make it in America?

Below is my comment on the article of“Can Microfinance Make It in America?”, page 24-25, TIME Asia issued on January 18, 2010

Your article on the Grameen bank in the U.S. gave me a fresh surprise of the unique relationship between a lender born in Bangladesh, the world’ poorest country and borrowers in the U.S., the world’s richest country. If Grameen’s way of microfinance prevails in the U.S., I feel a foreboding that the new era would come soon when more and more developing countries help the developed ones by their cooperative spirits and minds. Yes, money isn’t everything.