Tuesday, October 17, 2006
"After 8 years of borrowing, 55% of Grameen households still aren't able to meet their basic nutritional needs - so many women are using their loans to buy food rather than invest in business. That's a figure that the press fails to mention. Ditto the World Bank, which in its 1995 study of Grameen, focused mainly on the bank's financial viability, determining if the program was breaking even or, better yet, turning a profit. It's not; unfortunately, only foreign grants are keeping it afloat."