Author: David Bornstein
Publication: Simon & Schuster
Year: 1999
ISBN: 9840513761
Synopsis:
One afternoon in 1976 an economics professor, taking a walk in a village in Bangladesh met a poor woman. The woman was trying to support herself by constructing and selling bamboo stools. She earned two cents a day. When the professor asked her why her profit was so low, she explained that the only person who would lend her money to buy bamboo was the trader who purchased her final product, and the price he set barely covered her costs. The professor’s instinct was to open his wallet and give her some money. Then he had another thought: Why not give her a loan?
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