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Microfinance relies on the honesty of the borrower because he or she is not asked for any guarantee. But as the accounts were checked and discussed in public each week, a kind of public morality came to light in a most remarkable way! Men repaid 98% of their debts, women 99%.

Interview with H. H. Prince Karim Aga Khan IV: THE POWER OF WISDOM - 2010-Spring

Posted November 15th, 2010 by heritage
in
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Interview with His Highness Prince Karim Aga Khan IV

THE POWER OF WISDOM
(translated from french)
Interview by Jean-Jacques Lafaye

Prince Karim Aga Khan IV
Spiritual leader of the Ismailis since 1957

Jean-Jacques Lafaye
Author and journalist. Founder of the association « Éthique et politique » (1988) Publications include: Saint-Just, l’ombre des chimères, Rocher, 2007; David Shahar, le sacre de l’écriture, Michalon, 2007; Dialogue pour un monde meilleur, Alban, 2008.

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