Byron Dorgan: “The microcredit approach has been unbelievably successful, giving poor people the opportunity to buy needles for…”

“The microcredit approach has been unbelievably successful, giving poor people the opportunity to buy needles for crocheting and bicycles for delivery services in various parts of the world. This approach allows a student who has no collateral of any type--all they have is promise, they have the promise of their capability to do better in life if they go to college--it allows them to get a loan to advance their interests.”