I am a poor person but I believe in Microfinance. I been doing Kiva for months now. I am happy with them and will be making a another loan via Kiva in 3 days. I do a $25.00 loan each month. I think Micro-loaning is a great idea but I am surprised that it works.
After I have made 12 Kiva loans I think I will sign up with a different microfinance site and use them for a time. Just so I can see how it works with a new company.
I am thinking of going with MicroPlace as the next one.
I might go with Grameen Foundation.
I wish I could afford to loan more than $25.00 a month. If I won the lottery I would do a large sum for each of them.
These loans are made to very poor hard working people in third world and it helps the people and they pay back the loans.
I think Grameen is now loans in the United States!
“…In the United States, more than 37 million people live below the poverty line; approximately 74 percent of them are located in major metropolitan areas. A wide variety of social, historical, cultural, educational and structural factors contribute to the persistence of poverty in the world’s richest nation. Despite these obstacles, poor people are embracing microentrepreneurship as a pathway out of poverty. In fact, many clients of U.S. microlenders break out of dead-end jobs, unemployment and dependence on public assistance to become successful entrepreneurs, creating jobs for their families and their communities.
Our partner microfinance institutions in the United States:
- Project Enterprise, New York City
- The PLAN Fund, Dallas, Texas …”
I do not think micro-loaning will work as well in the United States. I hope I am wrong. I just see those people in other nations working harder.
Grameen says that 37 million people (12.6 percent) live in poverty.
