Acton Institute Powerblog Archives

Post Tagged 'grameen bank'

Cell Phones, Microfinance, and Poverty

A recent report by the United Nations states that out of the world’s seven billion people, six billion have a mobile phone, but only 4.5 billion have a modern toilet. In India, there are almost 900 million cell phone users, but nearly 70 percent of the population doesn’t have access to “proper sanitation.” Continue Reading...

Micro-Finance: A Way Out of Poverty

In awarding the Peace Prize to Muhammad Yunus and the Grameen Bank, the Nobel Committee has focused the world’s attention on the power of “bottom up” economic development. Jennifer Roback Morse reminds us that “the micro-credit movement has helped many of the poor become less poor, and to lift themselves, their families, and their neighbors out of abject poverty.” Continue Reading...