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By peter (anonymous) | Posted December 22, 2006 at 22:49:10
here are some interesting facts about yunus and his 'grameen bank': 97% of its clients are women; repayment rates are 99%; it has 6.6 million clients; it has loaned more than $5 billion; the bank will never charge interest if total interest charges exceed the total amount loaned [for example, someone who takes a $10 loan will not pay more than $10 in interest]; it has a programme for beggars with no collateral and no demands for interest, and much more.
it would be an interesting idea to experiment with in hamilton. i'm not ashamed to say that this has long been a fantasy of mine. to be able to offer loans to people in need and charge little or no interest would be a beautiful thing.
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