Headline March 9th, 2012 / The Apotheosis

THE APOTHEOSIS: 

   1% by 1%  

                                    100%

Respectful and loving dedication to 'Poverty Infested Students' of the world

---

Peter Sands Standard Chartered Bank UK

John Chambers CISCO

Sultan Of Brunei

Read the above formula over and over again. And learn it by heart. Then ask yourself if this model will give you a respectable life?? Will this model deliver us from poverty??! Understand that mercifully 75% of the loans go to women but at a merciless rate of 30% !!! Then see if you could source stats on fellow humans who committed suicides when they could not pay back!!! 

Also consider that 5 biggest receivers of microcredit are , China 14billion , Peru 6billion , India 5billion , Vietnam 5billion , Columbia 4billion!!? Where is the rest of the world?! Look it up!? Obviously microfinance has increasingly begun to develop the optics of large businesses. And when they have, the conflict of reasoning surfaces. The more you lend to micro clients, the less they think about savings. 

If you 'Students' have anything resembling a life, Time and money and your will could be a deadly infusion to change the destiny of mankind!!! So the post continues....! Sadly, microcredit's ability to smash poverty's ugly head and accomplish its mission is endangered. Poverty is winning 'hands down'. 

And admirable U.S law mandates that atleast half of all the microcredit funding from Washington go to the very very poor. But sadly, the industry falls way below. So driven by the profit streams and unbridled greed , runaway growth has lead to bubbles, which are bound to burst. The most spectacular crash and collapse came in India's Andhra Pradesh state, where about 40 microcredit institutions rammed head on!! A spate of borrowers found suicide a relief. The state compounded the folly with a shutdown. Thousands of livelihoods went into jeopardy. This this honourable service became a victim of its own success.

But ironically, all the scandals realigned Microcredit for a better shape. The post will continue!! Thanks to !WOW! . Thanks to hundreds and thousands of you for your readership and for your support!

God night and God bless you all.

Tim tomorrow, SAM Daily Times - the Voice of the Voiceless