◇+CCT+333+Lab+03

http://cct333winter2012.wikispaces.com/Lab+3

**__ [] __ (200 words) **
 One of the reasons why microfinancing is benefiting is that it is a "bottom-up" economic development. The article shows the case of an Indian fisherman for an example, who uses the cellphone as a part of business. For them, the phone is not just an accessory that provides mare communication. It serves for more, as they are the ultimate resources for growing their business, help investing for the education for their children, and assure the safeguard for their family. At the same time, it also provides the way to encourage individuals to start invest in entrepreneurship with the competent resources.

 For example, "phone ladies" in Bangladesh who run the village phone operating shop, with specially designed cellphone kits that women bought with microcredit and charge a small commission for every people who use the calls. The banking system that involves the cellphone service in Uganda also proves that the cellphones function more than what people think they do.

 Microfinancing, according to the article, guarantee the "inclusive capitalism" which does more than traditional capitalism that only function as top-down economic development that leave the lower classes only passive figure in economic practices. Beyond providing communication, the people in the third countries are handed with the "tools." The tools that would help them cost less money and time; and gain more competitive business or entrepreneurship condition as well as the fundamental connectivity more people, sometimes even across the countries.

=== 2. “It’s really quite striking,” Hammond says. “What people are voting for with their pocketbooks, as soon as they have more money and even before their basic needs are met, is telecommunications.” (World Resources Institute) ===

In the spirit of this quote, describe four instances of how owning a cellphone enables users to better their lives. (4 paragraphs/ one for each instance)
01. Mobility:

02. Safeguard:

03. Privacy:

04. "Just-in-time":