Yes, I agree
50% (180 votes)
No, I don't agree
50% (181 votes)
Total votes: 361
Finance Minister AMA Muhit says, Micro-credit system has failed to alleviate poverty. Do you agree with him?
by priyo.com | Wednesday, August 12, 2009 - 1:34pm
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What a shame!!
Does Hasina or her appointed idiots know the deffination of '' micro credit system''?what a nonsence finance minister! A golden son of this poor country is being appreciated by USA president, and the shamelss & idiot finance minister is criticizing him!!!!!!!
One more frustrating thing is , 49% people voted ''yes''. As a nation , we have reached to that extent that a lot of people don't feel ashamed to support nakedly some hoodlums!
Micro Credit did not fail; it did not produce desired result
Saifur Rahman also said Micro Credit failed. Saifur felt jealous, the poor people who never got a penny as loan from Minister Saifur, they got loan from NGO people. Moreover, Dr. Yunus became huge popular person in the world, Saifur became father of a thief; Saifur went against Dr. Yunus and naturally went against MC.
Muhith is a photocopy of Saifur, old clerk, he has the same brain like Saifur. Micro Credit did not fail, it did not produce desired results; for most of the borrowers did not have a project plan (how small it does not matter), secondly, lots of borrowers used money for other purposes, like giving marrage to daughtes/sons, repairing houses, medical expenses, paying off other loans etc.
Micro Credit providers were suppose to have cotrol over the money for implementing the borrowers' plan, but they did not care for it. The capital came from other people pocket, so creditors were eager to provide the credit, earn their own share than seeing the results.