Dr Muhammad Yunus, 2006 Nobel Peace Prize winner.\u00a0 He won the award for developing a banking system for making $30. and $40. loans
\nto the poor in India for the express purpose of starting their own business.<\/p>\n
From his book “Banker to the Poor”.<\/p>\n
“He discovered that the more his clients learn, the dumber they feel.\u00a0 Often the more you know, the more you think you need to know.\u00a0 He doesn’t want any of his borrowers to be stopped by having to learn new knowledge or skills.\u00a0 He started them ALL with what they already know how to do – talk – about something they love….<\/em><\/p>\n There is just one requirement<\/span>.\u00a0 Each woman must have enough self confidence to attract four – no more and no less – like minded woman to form a TEAM of 5.\u00a0 They’re simply and only required to brainstorm eachother’s cash generating ideas.\u00a0\u00a0 Then with only this infrastructure of support – no other collateral required for their loan – THEN the bank lends them the money.\u00a0 Loans are repaid on a weekly basis.” These women start where they’re at, with what they have, and continuously advance<\/span> in the direction of their dreams.\u00a0\u00a0 They must believe in themselves and their idea, enough to attract 4 like minded individuals before a product is sold or one dime collected…THEN the bank gives them the loan to get started. \u00a0 To date…as of Nov 2009…98% of the loans have been repaid.<\/p>\n What’s your business idea?\u00a0 Who are the 4 people in your life right now – that you would love to build a business with?\u00a0 Have you shared it with them?\u00a0 or are you afraid of what they might think or say?\u00a0 If so you haven’t sold yourSelf on your idea.\u00a0 Successful Entrepreneurs don’t give a flip about the “they says”.<\/p>\n","protected":false},"excerpt":{"rendered":" Dr Muhammad Yunus, 2006 Nobel Peace Prize winner.\u00a0 He won the award for developing a banking system for making $30. and $40. loans to the poor in India for the express purpose of starting their own business. From his book … Continue reading
\n<\/em>————————————————————————————-<\/p>\n