Thursday, October 15

Microfinancing

Micro-financing in recent years has proven to be one of the most effective methods ever in pulling people out of poverty, especially those who lack capital to set up their income earning operations. Brian told me to check out www.kiva.org and I randomly came across a group from Mukono. They were on the first list I saw. I encourage you to check this out. For as little as $25, which can be reused over and over again, you can support those just about anywhere on earth who are working in their communities to move out of poverty. Average money that eventually comes back to you is over 98%.

1 comments:

Cindi said...

Just an observation....this is a capitalist venture. It is actually, in my mind, one of the best ways to empower people. it seems we are taking that power away in the US right now....we are encouraging people to become more and more dependent on the government. this microfinancing is very similar to what could happen if the US would use stimulus $ to help people here start small businesses instead of throwing $ at organizations that are failing. just an observation. God empowers us to use our gifts, we should do the same with others.

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