Bank Gives Beggars Phones Instead Of Cash

[jeffrey]

From Reuters UK

Grameen Bank, famous for pioneering micro-credit programs in Bangladesh, has launched a new idea to empower the poor: arming beggars with mobile phones so they can sell a roving service for cash.

"Beggars are the one group so far left out of the bank's lending programme and they deserve to be part of our network," said Dipal Chandra Barua, deputy managing director of Grameen Bank

The bank, a brainchild of renowned Bangladeshi professor Mohammad Yunus, has been awarded many international awards for helping millions of poor with small loans to start income-generating programs, such as poultry and cattle breeding, and handicraft-making, and also helping to educate their children... Entire Story Here