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 microcreditÃ¢??the practice of making tiny loans to poor people in the developing world so that they can start businesses and break out of povertyÃ¢??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 $20Ã¢??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