""Bangladesh and Bolivia are two countries widely recognized for having the most successful micro credit programs in the world. They also remain two of the poorest countries in the world." In the statistical tables of human development Bangladesh ranks 139th, worse than India, with 49.8 per cent of its population of 150 million below the official poverty line. In the homeland of the Grameen Bank, about 80 per cent of the people live on less than $2 a day. A UN Development Program study in the early 1990s showed that the total microcredits in Bangladesh constituted 0.6 per cent of total credit in the country. Hardly a transformation."