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Welcome
I support microfinance! Small loans can make a big difference. Over one billion people live on less than $1 per day. Many of these people have skills and energy to work, but don’t have the capital to create their own small business. With a loan of $50-200, an individual can buy her supplies for a business and start earning extra money. To learn more, please visit websites at the Grameen Foundation, FINCA and Kiva. The Grameen Foundation uses use microfinance, technology and innovative solutions to fight global poverty. I organized an event for them in April 2007 and met founder and executive director, Alex Counts. Read about the "Big Laughs for Small Loans" event here.
Welcome to My Microfinance Blog
Hi! Welcome to my Microfinance blog. I am passionate about microfinance because it is one of the world’s best ways to fight poverty.
Many poor people are willing to work hard and have some creative ideas, but they are simply lacking capital to start a micro-business. A $50-100 loan can be enough to buy livestock, inventory for a small store, materials for a craft based business and other ventures. Microfinance has a very high re-payment rate around 98-99%.
Stay tuned as I explore and discuss microfinance. Please join in the dialog.
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