Larry Reed’s Letter to the Editor: Microcredit in Bangladesh

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A version of this letter appeared the New York Times print edition on August 14, 2013, on page A22 of the New York edition with the headline: Microcredit in Bangladesh. You can also read it online here.

LETTER
Microcredit in Bangladesh
Published: August 13, 2013

To the Editor:

Re “Bangladesh Takes Aim at Grameen Bank” (editorial, Aug. 7):

If Prime Minister Sheikh Hasina is truly concerned about potential political rivals, she would be better served by finding creative ways to partner with microfinance institutions like Grameen Bank. Other governments have learned how to do this.

Governments in countries like Brazil, Mexico, the Philippines and India have partnered with microfinance providers to help move people from welfare to work, expand health insurance coverage or provide access to national markets for low-income farmers.

Bangladesh has hundreds of microfinance providers serving more than 20 percent of the country’s adult population, including some of the world’s largest like Grameen, BRAC and ASA. By working with these organizations to remove constraints that trap people in poverty, Sheikh Hasina could establish her legacy as a woman who helped bring profound, positive change to her country.

LARRY REED

Dir., Microcredit Summit Campaign

Chicago, Aug. 7, 2013


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One thought on “Larry Reed’s Letter to the Editor: Microcredit in Bangladesh

  1. The rate of interest which is being charged to the micro finance beneficiary , needs to be addressed in the context of egotism , rather than altruism
    Prof Javed Kamili( Srinagar) Kashmir India

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