“A Billion Bootstraps: Microcredit, Barefoot Banking and the Business Solution for Ending Poverty”
Philanthropy, Favorite Books Add commentsIt’s been my honor to represent this important book and its authors, Phil Smith and Eric Thurman. Phil is a former Oklahoma and Texas oil executive turned philanthropist, who is now a passionate donor to microcredit projects in the Third World. Eric, my former boss at Geneva Global, is a microcredit pioneer, and was CEO of HOPE International and Opportunity International.
This is the first book written by entrepreneurs for entrepreneurs. It clearly demonstrates why microcredit (tiny business loans that bootstrap poor working men and women into small businesses of their own, lifting them and their families out of chronic poverty) is the most effective form of charitable giving today. Microcredit, unlike other forms of giving, doesn’t breed continued dependence, but fosters independence and self-sufficiency.
The forward to this book was written by 2006 Nobel Peace Prize winner Muhammad Yunus; and is enthusiastically endorsed by legendary investor Sir John Templeton.
Publisher is McGraw-Hill Business, and the book was personally edited by M-H’s publisher Herb Schaffner.
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