A Little Help Can Go A Long Way

Not much of my own comment in this particular post. I’ll let the news sources and websites inform you about this Wonderful concept. As always, though, there will be a spiritual quote at the end…

From OneWorld.Net: Microloans Pay Off for Planet, Investors
“Mohammed Yunus, an economics professor from Bangladesh, is considered the father of microfinance. In 1983, Yunus founded the Grameen Bank to make small loans to impoverished entrepreneurs. Grameen Bank now has over 7 million borrowers. Yunus and the Bank received the Nobel Peace Prize in 2006.”

From Wikipedia: Microcredit “Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable….Microcredit is a part of microfinance, which is the provision of a wider range of financial services to the very poor.”

From Business Week: Micro Loans, Solid Returns “With about $200 of his own money and a $1,500 loan, Vahid Hujdur rented space in the old section of Sarajevo and started repairing, then reselling discarded industrial sewing machines. Eight years and several loans later, Hujdur now has 10 employees building, installing, and fixing industrial machinery.”

From the KIVA website: We Let You Loan to the Working Poor “Kiva is the world’s first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world. The people you see on Kiva’s site are real individuals in need of funding – not marketing material. When you browse entrepreneurs’ profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need.”

“The increasing disparity between the rich and the poor is a major destabilizing influence in the world. It produces or exacerbates regional and national conflicts, environmental degradation, crime and violence, and the increasing use of illicit drugs. These consequences of extreme poverty affect all individuals and nations. Increasingly we are becoming aware that we are all members of a single human family. In a family the suffering of any member is felt by all, and until that suffering is alleviated, no member of the family can be fully happy or at ease. Few are able to look at starvation and extreme poverty without feeling a sense of failure….

“A new economic order can be founded only on an unshakable conviction of the oneness of mankind. Discussions aimed at solving problems related to extreme poverty based on the premise that we are one human family rapidly expand beyond the current vocabulary of economics. They demand a wider context, one which anticipates the emergence of a global system of relationships resting on the principles of equity and justice.”
Bahá’í International Community, 1993 Feb 12, Human Rights And Extreme Poverty

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2 thoughts on “A Little Help Can Go A Long Way

  1. I think micro-loans are such a wonderful idea! I saw a documentary about them a few months ago and went “Yes! That’s the way to do it.” To help others produce something on their own to make their own better way in the world, not by giving them $20 and saying have a nice life, but really helping them to rise above the state they were born into. Plus I think it’s so much more empowering to the individual to be able to pay the loan back and help others to do the same as they were able to do.
    Thank you for letting others know about this way they can help. I love all the posts I’ve read here so far.
    Oh, and if you’d like to check it out, I really think you’d like my husband’s podcast at lightofar.com (I even did episode 7 :D) because he talks about a lot of the things I’ve seen you discuss here.
    Thanks Again,
    Calise

  2. Calise,

    Thank you for your informative and encouraging comment!

    I’ve added your husband’s podcast site to my RSS Reader…

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