General characteristics and principles of Muhammad Yunus micro crediting system
Analysed is a system of crediting poor rural dwellers. Prof. Muhammad Yunus system of micro crediting is based on the principle following which the poor have enough experience and skill, but they are not lucky either to use them, or use them sufficiently. It isnt the lack of experience and skill that make the poor such. M. Yunus believes that poverty is produced by the institutions and politics, rather than by the poor. He worked out a methodology and an institution proceeding from financial needs of the poor, and provided them with an access to credits on reasonable conditions.