The document summarizes how microcredit works through programs like Grameen Bank in Bangladesh. It began as a small experiment providing loans to poor women which allowed them to start small businesses. This provides income and dignity. Grameen Bank uses a peer lending model where women borrowers form groups and act as collateral for each other. The profits from businesses funded by these loans help improve families' lives. However, some critics argue microcredit risks trapping people in cycles of debt if not implemented sustainably. Exporting the Grameen Bank model has also proven difficult for various regulatory and economic reasons.