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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (28350)	12/26/2006 5:54:59 PM
From: LoneClone	of 78419

That's exactly the model followed by the Grameen Bank and similar microcredit lenders who operate in the Third World. (The founder of the Grameen Bank won a Nobel Prize this year.) They create small cooperatives of almost exclusively women in 3rd World countries and lend them amounts -- usually $50-100 -- that may seem laughably small to us but are enough to allow these entrepreneurs to buy a cell phone or tractor or something similar that is sufficient to propel them out of poverty. They developed their female-centric approach through experience, as they found that when these cooperatives are made up of females they almost always repay the loans, something not so with the men. LC

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