On My Wishlist is a weekly meme started by Book Chick City and is now hosted by Workaday Reads. Every week I’ll introduce you to a book that’s on my extensive wishlist. Sometimes it’s a new book, but quite often it’s an older book. Let me know if you’ve read it, and what you think. Please also join in and link up your On My Wishlist post each week.
Give Us Credit by Alex Counts
When Muhammad Yunus returned to his native Bangladesh 25 years ago with an American doctorate in economics, he set out to try and combat the entrenched poverty there. By 1995, his Grameen Bank had made loans totaling $500 million to two million borrowers, mostly women. In spite of the fact that these borrowers were the poorest of the poor, Grameen has had a near-perfect repayment rate.
I first learned about Grameen Bank and the world of microloans when I read Banker to the Poor: Micro-Lending and the Battle Against World Poverty back in 2010. At the time, the two companies were Grameen Bank and Kiva. I joined Kiva, and since then have lent several times. It is utterly fascinating to me to read the stories of women who have been strong enough to change their lives by starting their own businesses. Quite often, they need very little money to start, just someone to have a little faith.
It’s stories like these that make me realize how easy my life is. And each time I lend on Kiva, I am amazed at the difference a tiny sum like $25 can make to someone else’s life.