The Conservative Cave

Current Events => The DUmpster => Topic started by: CactusCarlos on February 17, 2008, 02:39:41 PM

Title: Hey DUers, if you are poor you might qualify for foreign aid from Bangladesh
Post by: CactusCarlos on February 17, 2008, 02:39:41 PM

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2880646

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Hey DUers, if you are poor you might qualify for foreign aid from Bangladesh.
Posted by JohnyCanuck on Sun Feb-17-08 02:42 PM

Bangladesh bank offers loans to US poor

By Daniel Pimlott in New York

Published: February 15 2008 19:09 | Last updated: February 15 2008 23:17

Bangladesh’s Grameen Bank has made its first loans in New York in an attempt to bring its pioneering microfinance techniques to the tens of millions of people in the world’s richest country who have no bank account.

The bank’s entry into the US, its first in a developed market, comes as mainstream banks’ credibility has been hit by the mortgage meltdown and many people are turning to fringe financial institutions offering loans at exorbitant interest rates.

http://www.ft.com/cms/s/a612164c-dbf8-11dc-bc82-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fa612164c-dbf8-11dc-bc82-0000779fd2ac.html%3Fnclick_check%3D1&_i_r

(Free registration required to read full article)

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Do they offer a credit card with interest below 28%? nt
Posted by snot on Sun Feb-17-08 03:31 PM
 

Title: Re: Hey DUers, if you are poor you might qualify for foreign aid from Bangladesh
Post by: bijou on February 17, 2008, 03:21:47 PM

The Grameen bank makes small loans to people prepared to invest in their own businesses, work hard and repay the loan.  Chances of any money going to DU? Slim to none.  :-)