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A Billion bootstraps: microcredit barefoot banking and the business solution for ending poverty

By: Smith, Phil.
Contributor(s): Thurman, Eric.
Publisher: New Delhi Tata McGrawHill Publishing Company Ltd., 2007Description: xiii, 224 p.ISBN: 9780070659612; 0070659613.Subject(s): Microfinance | Loans, Personal | PovertyDDC classification: 338.91 Summary: A Billion Bootstraps unearths the roots of the micro credit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and micro credit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by barefoot bankers, enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures. Smith and Thurman also examine why traditional charity programs, while providing short-term relief, often perpetuate the problems they are trying to alleviate, and how applying investment principles to philanthropy is the key to reversing poverty permanently. A Billion Bootstraps explains how ordinary people can accelerate the micro credit movement by investing charitable donations in specific programs and then leveraging those contributions so the net cost to lift one person out of poverty is remarkably low. You'll discover how to get more for your money by donating with the mind-set of an investor and calculating measurable returns-returns that will change lives and societies forever.
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Books Vikram Sarabhai Library
Slot 1001 (0 Floor, East Wing) 338.91 S6B4 (Browse shelf) Available 165156

A Billion Bootstraps unearths the roots of the micro credit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and micro credit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by barefoot bankers, enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures. Smith and Thurman also examine why traditional charity programs, while providing short-term relief, often perpetuate the problems they are trying to alleviate, and how applying investment principles to philanthropy is the key to reversing poverty permanently. A Billion Bootstraps explains how ordinary people can accelerate the micro credit movement by investing charitable donations in specific programs and then leveraging those contributions so the net cost to lift one person out of poverty is remarkably low. You'll discover how to get more for your money by donating with the mind-set of an investor and calculating measurable returns-returns that will change lives and societies forever.

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