In her paper "Trust Mechanisms, Cultural Differences and Poverty Alleviation" Lihua Guo explores how Grameen Bank, which originated in Bangladesh, can effectively reduce regional poverty. The basic means based on a trust mechanism include the provision of loans only to women, five-person teams, a system of conference centers, personal financial management and weekly repayment with golden membership awards. Although the Grameen mode presents different practice effects around the world due to cultural differences, the fundamental cause for success is the respect showed to human beings by the model, and a tailored program that includes rather than excludes. The Grameen model has unique advantages in promoting poverty alleviation and reduction in Asian countries, which is of great significance for promoting Asian integration.
"Trust Mechanisms, Cultural Difference and Poverty Alleviation."
CLCWeb: Comparative Literature and Culture
This text has been double-blind peer reviewed by 2+1 experts in the field.
The above text, published by Purdue University Press ©Purdue University, has been downloaded 246 times as of 06/08/21.