A Billion Bootstraps: Microcredit, Barefoot Banking, and The Business Solution for Ending Poverty: Microcredit, Barefoot Banking, and The Business Sol by Philip SmithA Billion Bootstraps: Microcredit, Barefoot Banking, and The Business Solution for Ending Poverty: Microcredit, Barefoot Banking, and The Business Sol by Philip Smith

A Billion Bootstraps: Microcredit, Barefoot Banking, and The Business Solution for Ending Poverty…

byPhilip Smith, Eric Thurman

Hardcover | February 28, 2007

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A bold manifesto by two business leaders, A Billion Bootstraps shows why microcredit is the world's most powerful poverty-fighting movement-and an unbeatable investment for your charitable donations.

A Billion Bootstraps unearths the roots of the microcredit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and microcredit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by “barefoot bankers,” enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures.

Smith and Thurman also examine why traditional charity programs, while providing short-term relief, often perpetuate the problems they are trying to alleviate, and how applying investment principles to philanthropy is the key to reversing poverty permanently.

A Billion Bootstraps explains how ordinary people can accelerate the microcredit movement by investing charitable donations in specific programs and then leveraging those contributions so the net cost to lift one person out of poverty is remarkably low. You'll discover how to get more for your money by donating with the mind-set of an investor and calculating measurable returns-returns that will change lives and societies forever.

Phil Smith is an active philanthropist who writes and speaks under the banner Practicing Significance. Smith is the former CEO of Prize Energy Corp. and Tide West Oil Company. Eric Thurman has been a leading expert in international philanthropy for decades. A former CEO of Opportunity International, HOPE International, and Genev...
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Title:A Billion Bootstraps: Microcredit, Barefoot Banking, and The Business Solution for Ending Poverty…Format:HardcoverDimensions:9.1 × 6.2 × 0.88 inPublished:February 28, 2007Publisher:McGraw-Hill EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0071489975

ISBN - 13:9780071489973

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