Monday, December 22, 2008

a few words from Bono

From an interview he gave to the NY TIMES about Microloans:

Q. 5. How do you feel about micro-loans and micro-enterprise as a tool to end world poverty — by helping people help themselves to self-sufficiency? - Barry Stevens, Puerto Viejo de Talamanca, Costa Rica

A. I met Professor Microcredit himself last week to discuss this. A very gracious, very great man: Mohammad Yunus, founder of the Grameen Bank in Bangladesh. You know that mantra, "Give a man a fish, he'll eat for a day. Teach a man to fish, he'll eat for a lifetime"? It's missing something: microfinance is the fishing rod, the boat, the net, etc. Cash and dignity, side by side. Part of Professor Yunus's brilliance was to lend the money to women, who are much more reliable at paying back loans. Maybe the mantra should be: "Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime."