Microcredit: Anyone Use This?

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john_titor
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Microcredit: Anyone Use This?

Postby john_titor » Sun Mar 18, 2007 11:40 am

Sounds like a good idea.

Since my charity bucks are limited and divvying them up isn't ideal, I'm aiming for a tight sweet spot: a small donation with real bang for the buck. When I read about microcreditâ??the practice of making tiny loans to poor people in the developing world so that they can start businesses and break out of povertyâ??it piqued my interest. And when the Grameen Bank of Bangladesh and its founder, Muhammad Yunus, won the 2006 Nobel Peace Prize for pioneering microcredit work, I was hooked. As an entrepreneur, I dig the idea of helping another jump-start her kitchen-supply business in Ghana. It also eliminates that pointless drop-in-a-bucket feeling to know this specific woman couldn't open her tamale stand without my $20â??let alone the fact that when the loan is repaid, that $20 can get reinvested into another success story. (Truly the gift that keeps on giving.)


A Good Run for Your MoneyWhat's the best way to loan a poor entrepreneur $20?
By Jude Stewart
Posted Thursday, March 15, 2007, at 7:03 AM ET

http://www.slate.com/id/2161797/pagenum/all/#page_start

destryscholes
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Postby destryscholes » Mon Mar 19, 2007 10:42 am

I use Kiva. It think it's a great program.

Bwis53
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Postby Bwis53 » Mon Mar 19, 2007 10:59 am

http://www.kiva.org/

I seen a story on them in the news. They are great.

Wisconsin Women in Business has some nice small business loans for people here.

mrs. mcdonell
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bump

Postby mrs. mcdonell » Thu Aug 16, 2007 10:18 pm

I was looking for an old thread and came across this...anyway, Kiva is extremely awesome. http://www.kiva.org

Harriet The Spy
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Postby Harriet The Spy » Fri Aug 17, 2007 12:26 pm

I loaned some money to an Ecuadorian farmer through Kiva, and he actually sent me a thank you note via email a few weeks later. That was a pleasant surprise.

Bwis53
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Kiva on Today Show

Postby Bwis53 » Mon Sep 03, 2007 8:00 am

http://www.msnbc.msn.com/id/20534002/

This was a real nice thing to see on Labor Day.


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