Micro Credit and development

When we think of development we often think of large projects, such as mines or dams that bring many benefits including jobs to LEDCs. However often the benefits are short lived or biased towards one region and create large debts that are difficult to repay. Whilst benefits may come to the country as a whole the local people may never see the benefits.
Alternatively NGO's work more closely with local people and bring benfits at a different scale. Intermediate and appropriate technologies are adopted and indigenous people are empowered to help themselves rather than be dependent on donor countries. One such strategy is micro credit peioneered by Mohammad Yusen and the Grameen Bank in Bangladesh they work to develop legitimate employment oportunities for the poorest of people.

You can slo read the Grameen Bank official website