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A Billion Bootstraps: Microcredit, Barefoot…
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A Billion Bootstraps: Microcredit, Barefoot Banking, and The Business…

by Philip Smith

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The authors present a business person's introduction to microcredit and outline reasons why this form of aid is one of the most successful ways to fight poverty. Although I already understood some basics of microcredit loans, the book gave me more background and history of the microfinance movement. The authors seemed to write for a affluent audience looking for ways to enter into philanthropy, rather than for a broader audience including those with more modest incomes. This surprised me because, "the smaller the loan, the bigger the impact." Still, with the upcoming holidays sparking the spirit of giving, this book is a wonderful place to begin researching where and how to donate. ( )
  anru | Jan 11, 2008 |
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Amazon.com Product Description (ISBN 0071489975, Hardcover)

A bold manifesto by two business leaders, A Billion Bootstraps shows why microcredit is the world's most powerful poverty-fighting movement-and an unbeatable investment for your charitable donations.

A Billion Bootstraps unearths the roots of the microcredit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and microcredit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by “barefoot bankers,” enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures.

Smith and Thurman also examine why traditional charity programs, while providing short-term relief, often perpetuate the problems they are trying to alleviate, and how applying investment principles to philanthropy is the key to reversing poverty permanently.

A Billion Bootstraps explains how ordinary people can accelerate the microcredit movement by investing charitable donations in specific programs and then leveraging those contributions so the net cost to lift one person out of poverty is remarkably low. You'll discover how to get more for your money by donating with the mind-set of an investor and calculating measurable returns-returns that will change lives and societies forever.

(retrieved from Amazon Thu, 12 Mar 2015 18:16:27 -0400)

"A bold manifesto by two business leaders, A Billion Bootstraps shows why microcredit is the world's most powerful poverty-fighting movement - and an unbeatable investment for your charitable donations." "A Billion Bootstraps unearths the roots of the microcredit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus - winner of the 2006 Nobel Peace Prize - is giving hope to billions."--BOOK JACKET.… (more)

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