StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Changes in Social Lending - Essay Example

Cite this document
Summary
Professor Muhhamad Yunus occupies a special place in many people’s hearts, especially those who deem him a financial messiah after saving them from the choppy sea that is their financial woes. He is the without doubt pioneer of micro-finance. He has a wide-scale following…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Changes in Social Lending
Read Text Preview

Extract of sample "Changes in Social Lending"

Micro-Lending Muhhamad Yunus occupies a special place in many people’s hearts, especially those who deem him afinancial messiah after saving them from the choppy sea that is their financial woes. He is the without doubt pioneer of micro-finance. He has a wide-scale following across the world particularly so for his insight into innovation at the bottom of the pyramid. For starters, microcredit is the growth of small loans to entrepreneurs too poor to qualify for conventional banks loans. In so many third worlds cum developing nations especially; microcredit permits very underprivileged people to insert themselves into projects that are focused on self-employment— with a view of generating some income.

Yunus provides loans through his controversial bank, Grameen Bank—which makes him a pioneering single leader. Grameen Bank based in Bangladesh lends money through solitary groups. The bank’s approaches targets solitary groups as its prime building block. Further, the use of this technique has clearly had a significantly positive effect upon many prospective borrowers. Without Grameen, the financially handicapped wouldn’t have dared borrowing at all. I mean, to many of them, borrowing would figuratively be building castles in the air.

Be that as it may, the determination to warranty that all members of solidarity groups are equally poor is inconsistent, and may not always improve the group performance at all. In all, microcredit is mere bunkum—in fact; it won’t succeed without the help of immense grants. In all, this is a reality that dents on the development of this approach. Conversely, this approach lacks clear lucidity. Glancing at it through perspectives, the overall effect of this development approach has not been to reduce poverty, but only to produce a debt gridlock for gullible borrowers—who are incredulously subjected to particularly supercilious rates of interests practical to conventional banks.

It is no surprise at all that Yunus used the infused poverty in his country profitably to gain international attention. This approach of bottom of the pyramid has no capability of finally leading to long-term development, because many poor people will feel that they are being defrauded through the obviously feasible project. Work CitedYunus, Muhammad. Banker To The Poor: Micro-Lending and the Battle Against World Poverty. London: Cambridge University Press, 2010. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/history/1593654-changes-in-social-lending
(Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 Words)
Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/history/1593654-changes-in-social-lending.
“Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/history/1593654-changes-in-social-lending.
  • Cited: 0 times

CHECK THESE SAMPLES OF Changes in Social Lending

Literature Review

The basis of my review is through the use of various journal articles. Change is one of the aspects… Organizations are forced to adapt to it for them to be successful in the industry this is because there are constant changes in the environment.... This leads to us asking so many questions such as whether there is one best way of making changes in an organization to improve its production.... And to answer such a question, we can say that there is no one best way of making changes in an organization that can lead to its sustainability....
5 Pages (1250 words) Assignment

The Great Chain of Being

The Kings fought against any changes in the formal government... They believe that this system of balance of power ensured harmony and its The hierarchical links defined all the aspects of the community including religion, politics and social scopes.... The government developed policies that allowed distortion of these systems leading to change in the political, social and religious structures....
6 Pages (1500 words) Term Paper

Social Media and Decision-Making Process

Relative its newness and exceptional growth, the use on online tools for marketing and sales are becoming the new model of success.... Online retailing is the newest shopping version available, and it is usual to observe the… From the latest news, majority of consumers have resorted to shopping from their computers and other devices that can connect to the Web....
7 Pages (1750 words) Essay

Economy and Social Change

The paper "Economy and social Change" highlights that the degree to which the economy plays a significant role in defining the social structure of the people differs depending on the influence of certain other forces such as religion and the historical background of the people involved.... Therefore for there to be any social change then the working class, which mostly forms the largest group must hold a revolution against the leading economic class....
10 Pages (2500 words) Essay

Good Democracy as a Factor of How Good the Political Leaders Are

Parenti noticed the highly repeated habit of the rich venturing in the government's money that the state has collected and mostly lending or giving the rich people in their social or financial associations as bailout to help them step out of financial crisis and make more money.... Dr, Parenti observed the behaviors of the rich and famous people in the U....
4 Pages (1000 words) Essay

The Moral and Social Accord of a Community

"The Moral and social Accord of a Community " paper argues that the community has been changed into a weaker link with the reduced corporation in the members.... Shortage of community links generates a test for social equality, as well as it is partly for this motive that intellectuals have discussed the meanings of and alterations in society.... The power of social equality in America concentrates on absurdity in its foundations.... he moral and social accord of a community is not an innate connection to place, other than depends on the manners individuals frame their faithfulness to place and additional people, plus what they envisage fuses them....
8 Pages (2000 words) Coursework

The Question of Women and Marriage

hellip; The institution of marriage has been rocked by several issues ranging from financial, economic, social, and changes in the gender liberation movements.... The changes in married spouse behavior are a product of social and economic change.... Marriage is viewed as a reproductive, social arrangement, with the involvement of the extended family.... As the cost is increasing undergoing economic and social changes, marriages are undergoing evolution....
6 Pages (1500 words) Term Paper

Leading Social Change

The paper "Leading social Change" describes that to survive in the market, the author'ss organization will win customer loyalty by establishing a strong social relationship with the customers to ensure that the organization understands and satisfies the customer tastes.... These personalities will help me to develop create the necessary social change for business development.... Through efficient communication, teamwork building and conflict management, it will be possible to create a strong social relationship between the employees....
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us