18.05.2011 - Bangladesh: Grameen bank woes
In an age where enthusiasm for Islamic finance is on the rise, it seems counter-intuitive to support a system which instead promotes a vast, financially unsustainable web of loan sharking. While it is true that Grameen borrowers mostly pay back their loans on time, there is ample evidence to show that this is accomplished in many cases by taking further loans from the networks of money lenders that have been operating in most rural economies since the pre-Grameen days..............................................Full Article: Source
Print