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Naveen Bachwani at Grey Matter is fascinated by the works of Grameen Bank and Dr. Muhammad Yunus of Bangladesh. His idea of Microcredit and Social business has been replicated in many countries and can work in any country of the world.
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Idea of micro-credit is not new to us. It is being practiced in our country since long back. The result of such credit is not satisfactory as in about 50% cases the money is not realized what to say about its interest. Middle men are also active in many a cases.