On Blog Action Day I blogged about how the Grameen Foundation is using open source software to assist there needs to rid the world of poverty. I just finished Jeff Howe's book Crowdsourcing: Why the Power of the Crowd Is Driving the Future of Business and he provides further statistics about the Grameen Bank:
The concept of micro-lending started 1976 with a loan of $27 to 42 villagers
The Grameen Bank was started 7 years later
The Grameen Bank became self-sustainable by 1995
67% of...
