A Billion Bootstraps: Microcredit, Barefoot Banking, and the Business Solution for Ending Poverty
ISBN: 0071489975
EAN13: 9780071489973
Language: English
Pages: 224
Dimensions: 1.00" H x 9.00" L x 7.00" W
Weight: 1.00 lbs.
Format: Hardcover

A Billion Bootstraps: Microcredit, Barefoot Banking, and the Business Solution for Ending Poverty

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Book Overview
A bold manifesto by two business leaders, A Billion Bootstraps shows why microcredit is the world's most powerful poverty-fighting movement-and an unbeatable investment for your charitable donations. A Billion Bootstraps unearths the roots of the microcredit 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 microcredit 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 microcredit 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.
Editor Reviews
From the Back Cover For the greatest returns, invest in humanity Phil and Eric have done us a favor by breaking down the challenges of growth for microfinance into bite-sized elements any reader can benefit from, and have challenged and inspired us all to get more involved ... they have done an admirable job showing us what is happening, what is possible, and what we can do from their perspective as successful business people.-Muhammad Yunus, 2006 Nobel Peace Prize winner, from the Foreword A Billion Bootstraps shows how successful people in the West can use sound business practices to create economic opportunities for poor families in other parts of the world.-Sir John Templeton, legendary investor and founder of the John Templeton Foundation True charity attacks life's greatest injustices, demands major, demonstrable results, and avoids ego gratification. In A Billion Bootstraps , Phil Smith and Eric Thurman make an effective case that microcredit is the purest charitable strategy.-George Kaiser, founder of the multi-billion dollar Tulsa Community Foundation and chairman of BOK Financial Corp.