SITE NOTICE | MORE..Happy Thanksgiving! We thoroughly enjoy interacting with broadcasters and learning how the Lord is using SA to impact others. This Thanksgiving we thought some of the recent feedback we have heard might encourage you! .. click for more info!
Microcredit movement tackling poverty one tiny loan at a time
A Peruvian widow borrowed $64 and bought a few pigs. For $55, a villager in Ghana went into the mineral-water trade. A mother of nine in Guatemala upgraded her grocery store with $250.
These women from three continents have something in common: They are beneficiaries of microcredit - very small loans to very poor people for very small businesses. The benefactors, in many cases, are ordinary individuals inspired by a movement that is reshaping philanthropy and making it as accessible as the click of a mouse or a visit to a house party.
More and more of us are becoming convinced that lending even tiny amounts of money to destitute people in the developing world can transform lives - theirs and ours....