Creating a World Without Poverty: Social Business and the Future of Capitalism
When you live in extreme poverty a small loan can make a substantial difference. Economist Muhammad Yunus began experimenting with micro-loans nearly 40 years ago. The fruit of his efforts, the Grameen Bank, has helped millions of people and helped thousands of businesses get off the ground. Nearly 99% of the loans made by the bank have been re-paid. Yunus' ground-breaking work won him a Nobel Peace prize in 2006. This book explains the concept of microcredit and makes argument that it is in a businesses best interest to help people while pursuing profits.
Why this is progressive/liberal: One of the pillars of progressive philosophy is helping the poor. The innovation of microcredit and microfinance has had some success in combating poverty.
Buy the Kindle version: Creating a World Without Poverty: Social Business and the Future of Capitalism
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