Monday, July 13, 2015

The Blue Sweater_Blog#1

In the chapter 1 of “The Blue Sweater”, Jacqueline Novogratz starts the book with her past experience. She saw the sweater she disposed when helping establish a microfinance institution for poor women, and she figured out all people was interconnected in some ways.

As we know, it is a fact that the gap between the wealthy people and poor people is remarkably huge, so the wealthy people tend to look down on the poor people because they are just poor. I think that the problem is the system that can teach all people how to use or adapt the banking system. According to the book, Marcelina who was a friend of Jacqueline Novogratz said, “I’ve never walked into a bank before” and mentioned “They don’t want to people like me in there”. It indicates how unfairly the poor people were treated at that time.


It is a serious problem that countries in Africa have to deal with poverty. For example, GDP per Capita of South Africa in 1998 decreased from GDP in 1975, and normally GDP is increasing as time goes by. I have read chapter 2 so far and I am curious how and what the author who established a microfinance institution in 1987 felt as I keep reading this book.

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