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

By Phil Smith, Eric Thurman

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."


NEWS & OPINION: Links for a Monday Afternoon

Posted June 6, 2011, 8:57 PM with category of Management & Workplace Culture
➻ Cory Doctorow has laid out an interesting chronology of intellectual property rights since the first part of the 20th century for The Guardian's Comment Is Free interview series. Arguing that Every pirate wants to be an admiral, he tells a story that begins with sheet music composers and ends with the Internet about how elements of every innovation are seen as piracy until they become the mainstream, at which time they begin accusing the next generation of innovators of piracy. Stating at the beginning of the video that "The way to increase the health of the cultural realm is to allow more people to participate in it in more ways," he ends with anxiety that, for the first time in history, lawmakers may end up on the wrong side of the debate between the so-called "pirates" and supposed "admirals. Read more

NEWS & OPINION: Microfinance Update

Posted September 27, 2007, 4:28 PM with category of Management & Workplace Culture
I wrote last Friday about microcredit and a book entitled A Billion Bootstraps. When I got home that night a funny thing happened. I turned on the television, flipped it to channel 10, and there was microcredit pioneer and Nobel Prize Winner Muhammad Yunus on NOW's "Enterprising Ideas" series. Read more

NEWS & OPINION: Social Contract Networking

Posted September 21, 2007, 5:25 PM with category of Management & Workplace Culture
I believe very strongly in personal responsibility and hard work, but have never really understood it when people say that someone else should "pull themselves up by their own bootstraps". I mean really, if someone were to accomplish that feat literally, they'd pull their own feet out from under themselves and fall right on their backside, so even as a metaphor it seems absurd. I know it's just a figure of speech, but its very utterance seems to deny any existence of a social contract. Read more


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ISBN: 9780071489973

About the Hardcover

Publisher McGraw-Hill Companies
Publish date 05/01/2007
Pages 224
ISBN-13 9780071489973
ISBN-10 0071489975
Language English

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