12-27-2007
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#1 (permalink) |
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aņejo
Join Date: Mar 2004
Location: New York State
Posts: 2,183
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Micro Loans-a good idea!
I like this concept. This keeps dignity intact and will give some people a chance for a better life. Probably will make the lender feel good too!
 eBay launches microlending website - Yahoo! News |
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12-27-2007
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#2 (permalink) |
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aņejo
Join Date: Jun 2004
Location: Drammen, Norway
Posts: 3,341
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This is what the Nobel Peace Price 2006 was about.
Zaadz | Muhammad Yunus: Nobel Peace Price 2006 |
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12-27-2007
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#3 (permalink) |
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reposado
Join Date: Jan 2006
Location: Where the Columbia and Snake Meet
Posts: 1,482
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Former Seattle Mariner Dave Valle started an organization called Esperanza that does exactly this in Mexico. Many of the loans are for $250 and I believe they don't loan over $750 or so.. There are many succes stories from people who pulled themselves out of bad poverty with such loans. Another item about Esperanza is that all of the money donated goes toward loans, none goes to administration or overhead costs. We donate some towards this every year.
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