Making money WITH the poor
When Iqbal Quadir applied to US colleges from his home town in Bangladesh he was surprised to discover that not all American universities were found in Washington, DC. That’s how it was in Bangladesh, where everything of importance was centralized in the capital city, Dacca. He later realized that Bangladesh was not unique; in most developing countries, the infrastructure is concentrated in one or two cities, leaving the rural areas almost blank. As he acquired degrees and experience in finance, he realized that this centralization is not only a mark of poorer countries, it is probably a cause of their poverty…
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