Empowering the grass roots economy
Article Abstract:
Commercial Banks do not lend to the poor in order to take them out of poverty, but to the rich in order to make them richer, and only those who have collateral are deemed creditworthy. One of the most successful microfinancial institutions, the Grameen Bank (GB) started in the village of Jobra in Bangladesh in 1976 by lending $27 to a group of 52 people, focuses almost exclusively on lending to women who make up 96% of the bank's members, as experience has shown that women are more reliable borrowers.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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The art of business
Article Abstract:
Arts & Business was established in 1976 to help businesses become involved in sponsoring the arts, and since its inception the annual business investment in art in the UK has risen from 600,000 pounds to 141 million pounds. Art sponsorship is cost-effective and can be used as a highly visible and valuable strategic marketing tool, and can promote a company's name, enhance its image, and improve its community relations.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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The season to be jolly?
Article Abstract:
Many UK companies plan subdued holiday celebrations for Christmas 2001. Barclays will spend about 25 pounds sterling per employee. Thomas Cook announced it would lay off 2,600 workers.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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