Teach a man to fish, and he'll eat for a lifetime.

       In Chapter nine we are introduced to the concept of microfinance. Microfinance is lending small sums ($50-300) used to start small businesses with the intention of ultimately lifting the entrepreneurs out of poverty. Also, in chapter nine there is an article called "Ethical Dilemma." Within this article it says that in 1976, Muhammad Yunus, an economic professor in Bangladesh lent $27 out of his own pocket to a group of poor craftsmen and helped found a village-based enterprise called the Grameen Project. This project inspired a global movement for entrepreneurial financing and would be awarded the Nobel Peace Prize.
       It is thought that microloans can make a huge difference. I agree that micro loans are a great idea for under developed places such as Bangladesh but I do not agree with interest rates that average to 35%. Unfortunate people would be incapable of moving forward with such a high interest rate with such a small loan. Also, with our modern beliefs today you can only go so long with catering to women instead of men. The fact that they will only loan to women because they are more trusted should be investigated. If I were of the men generation I would fight for this right. What about men who are single fathers, there are plenty of circumstances in which a man should be lended the money just as much as women should. I do not agree with the interest rates or preference of women when it comes to microloans. In the long run I do not think microloans or microfinance for these poor countries will help put these poor people back on top.