Posts Tagged ‘lend’

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Muhammad Yunus on Lending to Poor

Posted by admin on Thursday, January 16, 2014

Muhammad Yunus Money Quotation saying Bangladeshi microcredit entrepreneur lends money to the poor because traditional credit fails. Muhammad Yunus said:
 
I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over Quote
 

“I went to the bank and proposed that they lend money to the poor people. The bankers almost fell over” — Muhammad Yunus

 

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This quote from Muhammad Yunus suggests that traditional bankers were very surprised by his proposal for lending to poor communities.

The best interpretation is that Yunus found the idea of providing financial services to impoverished groups to be innovative and unconventional compared to risk-averse banking practices at the time.

According to Yunus, bankers reacted with disbelief and skepticism to his concept of microcredit and view of poverty as an economic rather than solely personal issue.

The implication seems to be that Yunus’ vision challenged entrenched assumptions within the industry that the poor were unbankable. His proposal helped pioneer the field of microfinance by proving that poverty can be addressed through access to credit, entrepreneurship support and a different approach than outright rejection of the poor as uncreditworthy.

Mark Twain: Lend to End Friendship

Posted by admin on Wednesday, July 6, 2011

Mark Twain Money Quotation saying Friendship can bear hardships of all types and endure to help support someone we care about when in need – until that hardship involves a request for money Mark Twain said:
 
The holy passion of friendship is so sweet and steady and loyal and enduring in nature that it will last through a whole lifetime, if not asked to lend money Quote
 

“The holy passion of friendship is so sweet and steady and loyal and enduring in nature that it will last through a whole lifetime, if not asked to lend money” — Mark Twain

 

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In this quote, Mark Twain is making a witty commentary on how the act of lending money can strain even close friendships and relationships. He suggests that friendship is a “holy passion” that can truly last a lifetime if both parties avoid putting financial obligations between them.

By implying that requesting a loan from a friend tests the limits of friendship, Twain humorously acknowledges how money issues can introduce tensions and resentments that damage long-term bonds of trust and camaraderie.

Overall, he appears to be emphasizing through his characteristic satire that keeping finances separate from friendship is wise for preserving the purity and endurance of caring relationships over time.

Benjamin Franklin: Lending Visitor

Posted by admin on Friday, June 24, 2011

Benjamin Franklin Money Quotation saying we don’t think of paying someone to go away, but make them promise to repay it and they’ll stay away for good. Benjamin Franklin said:
 
If you'd lose a troublesome visitor, lend him money Quote
 

“If you’d lose a troublesome visitor, lend him money” — Benjamin Franklin

 

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Benjamin Franklin was suggesting that if someone is being a troublesome visitor and you want them to go away, you should lend them money. By lending them money, you make them feel obligated to repay you, so they will likely stay away until they can repay the debt.

Franklin is using humor and irony to say that lending money to someone troublesome is an effective way to ensure they leave you alone for a while. The quote is offering tongue-in-cheek advice about how to politely get rid of an unwanted guest.

Bob Hope: Bank Loans if Needing Money

Posted by admin on Saturday, March 5, 2011

Funny Money Quotes: The first place borrowers think of (a bank) to get a loan is usually the hardest place to convince you need it – unless you are already flush. Bob Hope said:
 
A bank is a place that will lend you money if you can prove that you don't need it Quote
 

“A bank is a place that will lend you money if you can prove that you don’t need it” — Bob Hope

 

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This quote by Bob Hope suggests that banks are typically only willing to provide loans or lend money to people who can clearly demonstrate they have sufficient funds and financial security on their own. Hope seems to be jokingly pointing out the irony that banks want to see that a borrower does not actually need to take out a loan before approving one.

The quote humorously acknowledges that it can be paradoxical or counterintuitive for lending institutions to only provide credit to individuals who could arguably afford to forgo a loan in the first place due to their existing wealth and financial stability.

Ambrose Bierce: Money & Love

Posted by admin on Thursday, March 3, 2011

Funny Money Quotes: Are you willing to ask the most personal of favors – borrowing – from good friends and family or would your prefer a cranky banker? Ambrose Bierce said:
 
Acquaintance, n.: A person whom we know well enough to borrow from, but not well enough to lend to Quote
 

“Acquaintance, n.: A person whom we know well enough to borrow from, but not well enough to lend to” — Ambrose Bierce

 

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In this quote, Ambrose Bierce is once again satirizing how some view acquaintances and relationships. By describing an acquaintance as someone you know well enough “to borrow from, but not well enough to lend to”, Bierce suggests that for some people, acquaintances are useful primarily based on how they can benefit financially from the relationship rather than genuine friendship.

The quote implies that certain acquaintances are seen as people you can ask favors of, like borrowing money, but not people close enough to trust with lending you money in return.

So Ambrose Bierce is criticizing a transactional view of acquaintances where the relationship status depends on opportunities for personal gain rather than mutual care, trust or respect between both parties. He portrays acquaintances for these types of people as defined by self-interest over true friendship.

Irving Fisher: Loan Transactions

Posted by admin on Sunday, July 25, 2010

Irving Fisher Money Quotation tells us that the money in circulation is controlled by banks that don’t actually have possession of that money.
 
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess Quote
 

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess” — Irving Fisher

 

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In this quote, Irving Fisher is criticizing the fractional reserve banking system. He notes that under this system, banks lend out more money than they actually hold in reserves, in the form of promises to pay (checks, deposits, etc.). Fisher argues that this means the overall money supply is effectively controlled by banks through their lending activity, even though they “do not possess” all the money they are providing credit for.

The interpretation is that Fisher believes banks should not be able to create money through lending without sufficient hard assets to back it up, and this private control of the money supply could introduce economic instability if not properly regulated. He is suggesting the national currency supply should not be so dependent on profit-seeking bank lending behaviors.

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