In recent years, the idea of giving small loans to poor people became the darling of the development world, hailed as the long elusive formula to propel even the most destitute into better lives.
Actors like Natalie Portman and Michael Douglas lent their boldface names to the cause. Muhammad Yunus, the economist who pioneered the practice by lending small amounts to basket weavers in Bangladesh, won a Nobel Peace Prize for it in 2006. The idea even got its very own United Nations year in 2005.
But the phenomenon has grown so popular that some of its biggest proponents are now wringing their hands over the direction it has taken.'
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Some of these so called celebrities would sell their own mother given the chance. So, why would they give a flying hoot about some stranger that doesn't even live in the same country that they do?
ReplyDeleteScandalous. These days it seems that the eternal quest for money knows no bounds.