Credit for the poor: It is not the West helping the developing world, but an idea from Bangladesh that could help Britain's underprivileged.
Giving loans to poor people has proven to be a success story. Most of the schemes make a profit, and they all help people to help themselves.
Now the UK is being urged to develop small-scale lending initiatives as well.
The Economic Secretary to the Treasury Patricia Hewitt MP, has announced new measures to encourage credit unions formed by poor people to expand. The aim is to develop alternative community finance institutions to help economic development in areas not usually served by the big banks.
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