Grameen-Dannon Company is a company that is formed by different ventures jointly. The purpose is to produce yoghurt. Our aim is to attend millions of the emaciated poor children in Bangladesh. In that connection we are concerned with putting the required macronutrients in the yogurt and then make the sales at the cheapest prices as we can. This effort is an admirable one. However, the efforts to sells at a small price could be admirable. However, it does not give any long-run effect on the poor and malnutrition child. Comparatively, the use of charitable means to upraise the life of a poor person does not give any future effect.
The act of microcredit is one of the most effective ways to improve the value of a dollar as well as keep the dollar in existence. In order to fight the spirit of dependency, one needs to improve the power of opportunity (Watson 2008). By saying this, I mean that once a credit has been accrued to a person, he or she is able to change a poor person’s life completely. For instance, the exercise of lending money to the poor gives access to this money. Money gives the poor a chance to be enthusiastic about their skills as entrepreneurs. This way, they can handle their issues like ensuring that their children are no longer malnutrition.
Giving credit to the poor gives an ample chance for them to succeed. Owing to the fact they are incorporated with skills to create and be innovative, then after lending them the money, they are able to execute their skill (Watson 2008). As some start their businesses, others get the chance to expand. This helps the poor to alienate poverty and acquire better living standards.
Watson, V. M., & Harvard University (2008). Risking change: Portraits of four community based educators successfully reaching and teaching "high risk" youth.