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A Billion Bootstraps: Microcredit, Barefoot Banking, and The Business Solution for Ending Poverty / Edition 1

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Overview

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.

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Product Details

  • ISBN-13: 9780071489973
  • Publisher: McGraw-Hill Professional Publishing
  • Publication date: 2/7/2007
  • Edition number: 1
  • Pages: 224
  • Sales rank: 421,632
  • Product dimensions: 6.20 (w) x 9.10 (h) x 0.88 (d)

Meet the Author

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 Geneva Global Inc., Thurman is now CEO of The Protos Fund. He has been profiled in Forbes magazine, on CNN, and in many other media forums.

www.abillionbootstraps.com

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Customer Reviews

Average Rating 4.5
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Sort by: Showing all of 4 Customer Reviews
  • Anonymous

    Posted April 16, 2007

    Powerfully motivating

    The best way to attack poverty is through the use of sound economic principles. This book will inspire you to look at poverty, not as a hopeless problem, but as an opportunity to effect real change in the lives of individuals. By acting upon the lessons of this book, you can ignite the spark of personal industry in the lives of people who can then create lasting wealth for their families, communities, and countries, finally succeeding where ¿charity¿ had previously failed. Reading this book will show you how you truly can make a difference.

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  • Anonymous

    Posted February 19, 2007

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

    As a microfinance practitioner I have long struggled to find a book to recommend that succinctly summarizes the power of microfinance. It is easy to delve into the technical details and forget the fundamental reasons for how and why microfinance is lifting millions out of crushing poverty. With A Billion Bootstraps I finally have it: a book that accurately, briefly, and compellingly summarizes this approach to poverty alleviation. I highly recommend it to those who would like an overall description of microfinance, an understanding of why it could be the most effective way of addressing poverty in today¿s world, and, most importantly, ways to get involved. -Peter Greer President, HOPE International

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  • Anonymous

    Posted February 19, 2007

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

    I wish I had this book 14 years ago. I could have avoided a lot of mistakes and wasted effort as I tried vainly to ¿help the poor¿. At that time, others from my church and I were seeking to assist low-income Ukrainians as they struggled to emerge from the ashes of the former Soviet Union. Over a few years we tried lots of things ¿ from handouts to giving equipment to start a medium-size business. Nothing worked, until we discovered the power of microfinance ¿ described so movingly in A Billion Bootstraps. For anyone seeking to make a significant, lasting difference in the lives of thousands, even millions of people, this resource is a great place to start. I have found that microfinance provides permanent solutions to poverty. The authors of A Billion Bootstraps have shown that clearly. -Jeff Rutt President, Keystone Custom Homes

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  • Anonymous

    Posted December 25, 2012

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