Multimedia Collection
Bootstrap Capitalism
DVD
15 min
2008
HQ3290.6 .A8 B65 2008 DVD
In this program, public television's Paul Solman and Dr. Mohammed Yunus, founder of Bangladesh's Grameen Bank, discuss the merits of micro-lending. In the U.S., banks disqualify would-be entrepreneurs with no collateral as bad risks. But Yunus emphatically disagrees. He believes economies are reinvigorated by investing in those whose ambition outweighs their ready capital. For over 20 years, 98 percent of Grameen Bank's clients have developed meaningful, thriving businesses. In the U.S., Good Faith, a venture capital lender to start-ups with no collateral, agrees with Yunus. It sends small-business loan applicants, many of them minorities, to its "business boot camp" to learn the basics of money management. Then it places them in a borrowing group of other grass-roots business people, where they help approve loans. By investing time as well as money in its clients, Good Faith is helping American bootstrap capitalists achieve lasting success.
Distributed by Films for the Humanities & Sciences.
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