No. of Recommendations: 8
I've no problem with credit, if it is used as a TOOL- not a crutch or a lifestyle. How you use it, is of course a matter of choice and education

It's interesting, by the way, that this year's Nobel Prize winner works in the same manner, and has sparked dozen of similar groups. The Graneen Bank lends tiny amounts of money to the poorest of the poor. Those people then spend it on something that will help them earn money: buying beads to sell, buying a cow, even buying a telephone that is used by others who pay a tiny amount per call.

The loan is paid back, with interest, and then is loaned to the next person. And so, in tiny ways, poor people start pulling themselves up from poverty.

But they need that tiny start to get them going.

Nancy
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