By Prof. Dr. Mohd. Ma’sum Billah
ABSTRACT
Majority of the countries of the world have debt-based economies with arrangement for transfer of risk. The third world countries are over head and ears in debt. To tide over this difficulty, it is proposed to introduce cooperative Micro Bond. The article gives a flow chart of the organizational plan and minute details for the setting up of the system, its operation and how it will offer greater facilities for meeting financial needs of new projects of small enterprises and cause lesser difficulties than borrowing from the present channels of obtaining loan.
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