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FRONT PAGE  |  10/23/2017
MONDAY, OCT 1, 2007  |  4 comments
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. ...


CLICK HERE to Read Entire Article
sfgate.com

Response to economic crisis?
  START  
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· Page 1 ·  Found: 4 user comment(s)
News Item10/5/07 2:53 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Strange it wasn't a Rick Warren that came up with this idea, but I believe it was a Mohammedan. Those socially active Christians sure fell down on this one.
4

News Item10/3/07 8:17 PM
Rob | St Louis MO  Find all comments by Rob
And who says that Captitalism isn't compassionate? Socialism makes people slaves to the State, Captialism gives people the opportunity to be free.
3

News Item10/2/07 6:42 PM
Dorothy  Find all comments by Dorothy
If Larry Burkett were still alive, do you think he (or for that matter, Bill Gothard) would condemn microloans?

According to the author of Banker to the Poor, only loans to women work; men don’t repay.

2

News Item10/2/07 12:28 PM
Solomon | Proverbs 21:13  Find all comments by Solomon
Whoso stoppeth his ears at the cry of the poor, he also shall cry himself, but shall not be heard".
1
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