tag:blogger.com,1999:blog-8277194968972250739.post3203238481593485522..comments2024-03-19T05:45:13.199+00:00Comments on Bangladesh Corporate Blog: Micro-credit mising it's mark? Wait, is there a clearly established mark?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8277194968972250739.post-27534968740930378382007-06-27T11:13:00.000+01:002007-06-27T11:13:00.000+01:00Dear Bjoern,Thank you for the comment. But please ...Dear Bjoern,<BR/><BR/>Thank you for the comment. But please clarify. Do you mean such nonsensical "out of the blue" failures as the ready-made garments (RMG) industry? Or the labor export market? Or perhaps the mobile telecommunications industry?<BR/><BR/>There's certainly a lot of room for debate, which is welcomed, but perhaps this excerpt from the "Microfinance Misses It's Mark" article will serve as a gentlemanly rejoinder:<BR/><BR/>"To understand why creating jobs, not offering microcredit, is the better solution to alleviating poverty, consider these two alternative scenarios: (1) A microfinancier lends $200 to each of 500 women so that each can buy a sewing machine and set up her own sewing microenterprise, or (2) a traditional financier lends $100,000 to one savvy entrepreneur and helps her set up a garment manufacturing business that employs 500 people. In the first case, the women must make enough money to pay off their usually high-interest loans while competing with each other in exactly the same market niche. Meanwhile the garment manufacturing business can exploit economies of scale and use modern manufacturing processes and organizational techniques to enrich not only its owners, but also its workers."<BR/><BR/>Yours fraternally,<BR/>BFbengal*foamhttps://www.blogger.com/profile/16525865542052852920noreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-43140459687269047112007-06-27T10:38:00.000+01:002007-06-27T10:38:00.000+01:00there will be always people who believe that there...there will be always people who believe that there is this big solution. You just build a labor-intensive industry or you just do this. However I am very happy with the recent development away from these big solutions that obviously fail but towards micro entrepreneurship. <BR/>Every single person matters by what they do and not by what they have.<BR/>To build a labor-intensive industry out of the blue is non sense and would be huge failure.Bjoern Lasse Herrmannhttps://www.blogger.com/profile/04677064536847627686noreply@blogger.com