answer to question 1 and 2

1. In many developing countries, the majority of citizens make their living through microenterprises-informal, tiny businesses that barely yield enough to survive. Without financial services, most of these entrepreneurs find growth simply impossible. Professor Muhammad Yunus and the Grameen Bank, established in Bangladesh in 1976, stepped into the gap by providing micro-loans ($50-$500) to the poorest of the poor entrepreneurs, through Village cooperatives that are administered by the people they serve. The Grameen Bank has been amaringly successful at breaking the vicious cycle of poverty for its clients. In 2006, Prof. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize, which sent a message to the world that we cannot have peace of billions Uve in abject poverty, The Price Committee credited Prof. Yunus and Grameen Bank for showing "that even the poorest of the poor can work to bring about their own development." Check out the Grameen Bank story on the Web at www.grameenfoundation.org. Why has the micro lending approach worked so well? Do you think it would work in poor communities in the United States? Why or why not? 2. The Small Business Administration (SBA) maintains a rich, vibrant website, and supports a number of high impact programs to support small business crowth in tact, every state has at least one local SBA office. Log onto the SBA website at www.sta, pov, and spend a few moments browsing. Be sure to check out the sections on business opportunities and training. Then find the page for the SBA office nearest your school. How would this information be helotul for local small businesses?il you started a business, would you personally be likely to in any of the SBA resources? lt so, which ones? Why do you think the government sporids so much money supporting small business growth by providing this array of resources? 1. In many developing countries, the majority of citizens make their living through microenterprises-informal, tiny businesses that barely yield enough to survive. Without financial services, most of these entrepreneurs find growth simply impossible. Professor Muhammad Yunus and the Grameen Bank, established in Bangladesh in 1976, stepped into the gap by providing micro-loans ($50-$500) to the poorest of the poor entrepreneurs, through Village cooperatives that are administered by the people they serve. The Grameen Bank has been amaringly successful at breaking the vicious cycle of poverty for its clients. In 2006, Prof. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize, which sent a message to the world that we cannot have peace of billions Uve in abject poverty, The Price Committee credited Prof. Yunus and Grameen Bank for showing "that even the poorest of the poor can work to bring about their own development." Check out the Grameen Bank story on the Web at www.grameenfoundation.org. Why has the micro lending approach worked so well? Do you think it would work in poor communities in the United States? Why or why not? 2. The Small Business Administration (SBA) maintains a rich, vibrant website, and supports a number of high impact programs to support small business crowth in tact, every state has at least one local SBA office. Log onto the SBA website at www.sta, pov, and spend a few moments browsing. Be sure to check out the sections on business opportunities and training. Then find the page for the SBA office nearest your school. How would this information be helotul for local small businesses?il you started a business, would you personally be likely to in any of the SBA resources? lt so, which ones? Why do you think the government sporids so much money supporting small business growth by providing this array of resources