Tuesday, April 28, 2009

Digital Divide- story of Muhammad Yunus with micro loan

Muhammad Yunus, founder of Grameen Bank of Bangladesh, a Nobel Prize winner, created the most successful micro loan company in India.

News about him: http://www.nytimes.com/2006/10/13/business/14nobelcnd.html?scp=1&sq=micro%20loan&st=cse

I would like to share a story about him.
One time, he saw a farmer doing very hard work to keep his farm in a good shape. The farmer has a wish, to get a computer, to check the weather so he can ensure his farm does not affect by bad weather and temperature.
The farmer went to Muhammad Yunus and asks for $100 loan for buying a computer. Muhammad Yunus gave him the loan and the farmer paid back $200 3 months later.

I think it is a good example to digital divide in poor area and they can get a lot out of the internet and some new technology.

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