In the 1970s, Grameen Bank of Bangladesh (founded by Muhammad
Yunus) _1s2h3a4m5i6m7__coinsrevolutionized the international savings and loan industry with the introduction of a versatile new service for poor customers: micro-credit finance. This involves small business loans to poor individuals. As no collateral is required, poor women do not have to gamble with their land or their homes. Instead, two groups of women are approved for loans, with the second group not receiving funds until the first group repays. This second, yet unfunded group, exerts such peer-pressure (a substitute form of collateral) on the first group that system repayment rates are almost a hundred percent.

Through her work in Kenya, Lois has seen poor, hard working women turn their lives around with two hundred U.S. dollars. Money is used to buy chickens, to sell eggs, to buy a cow, or a goat, to sell the milk, to sell hand-made soap, and for many other enterprises.


Lois shares the micro credit model as developed by Muhammad Yunus; and tells of her successful work in Kenya.