In the hard world of business, not everyone is keen on making an effort for the less prosperous people, especially not in banking and finance, however…A microcredit is a small loan that can help out poor people who are not able to obtain a normal loan from a bank because they are not creditworthy. This way, people in development countries can start up a small business, buy a sewing machine, buy a cow or do other things with the money in order to improve their life circumstances.
2005 was declared ‘the international year of microcredit’, while one year later Muhammed Yunus and his Grameen Bank, known for the microcredit projects, won the Nobel Peace Prize.
Bert Thieuw
source: http://nl.wikipedia.org/wiki/microkrediet
1 opmerking:
In the hard world of business, not everyone is keen on making an effort for the less prosperous people, especially not in banking and finance, however…
A microcredit is a small loan that can help out poor people who are not able to obtain a normal loan from a bank because they are not creditworthy. This way, people in development [developing] countries can start up a small business, buy a sewing machine, buy a cow or do other things with the money in order to improve their life circumstances [literal Dutch / living conditions].
2005 was declared ‘the international year of microcredit’, while one year later Muhammed Yunus and his Grameen Bank, known for the microcredit projects, won the Nobel Peace Prize.
Good flow, good English
olaf
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