Health Supreme by Sepp Hasslberger

Networking For A Better Future - News and perspectives you may not find in the media

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October 23, 2005

Microcredit - You Can Help Break the Cycle of Poverty

Without donating a penny, you can help to break the cycle of poverty in a very real way. Simply by placing a $1,000 microcredit investment you can pull several families in the developing world out of poverty for every year your money is invested. This is not a donation or charity. Like other investments, you eventually get all of your money back. You even earn a small amount of interest on your investment.

2005 is the year of Microcredit.

Fred Burks, former personal interpreter for presidents Bush and Clinton, says he has found this an effective way to help, promoting real economic development that allows people in poor countries to build up their own economic base.

... and since "illegal immigration" is always driven by economic disparity - the poor who cannot survive in their country come to yours to try and make enough to feed their family - this would be a good way to start doing something about all those immigrants. Help them where they are and they won't have to come to your country!

See Microcredit - You Can Help Break the Cycle of Poverty

- - -

See also these other articles:

eBay's Founder Starts Giving
Pierre Omidyar, 38, is one of the worldís richest idealists. With stock in eBay worth $8.4 billion, the founder of the auction giant and his wife, Pam, are starting to give money away. In early November they made their biggest gift yet: $100 million to Tufts University, where they met as undergrads. But the money came with an unusual stipulation: It can be invested only in microfinance—tiny business loans (about $600 on average) to entrepreneurs in the developing world.

PayPal-ing International Development
By Zack Pelta-Heller, AlterNet. Posted December 15, 2005.
Can you spare $25 bucks? Thanks to a new nonprofit, a few clicks of the mouse lets you loan it to a small business halfway across the world.

Online loans help world's poor
The internet is revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries, be they a farmer in Kenya who wants to invest in new cows or a seamstress in India who wants to open her own shop.

Banker of the poor wins peace award
Professor Yunus set up a new kind of bank in 1976 to enable the poor, especially women, to start up small businesses without collateral. In doing so, he invented microcredit, a system which has been duplicated across the globe. "In Bangladesh, where nothing works and there's no electricity," Professor Yunus said, "microcredit works like clockwork." Grameen Bank makes small loans to farmers, fishermen, artisans and other poor people without demanding collateral. The Grameen Foundation which grew out of the bank, was founded in 1997 and has a global network of 52 partners in 22 countries that has helped an estimated 11 million people in Asia, Africa, the Americas, and the Middle East.

Solarclarity: The Ecology of Money
"From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself. This trend toward an inclusive information is the kind of image represented by the credit card, and approaches once more the character of tribal money. For tribal society, not knowing the specialisms of job or of work, does not specialize money either. Its money can be eaten, drunk, or worn like the new space ships that are now designed to be edible. "Work," however, does not exist in a nonliterate world. The primitive hunter or fisherman did no work, any more than does the poet, painter, or thinker today. Where the whole man is involved there is no work."
From Marshall McLuhan, Understanding Media, p. 137-8.


posted by Sepp Hasslberger on Sunday October 23 2005
updated on Monday September 29 2008

URL of this article:


Related Articles

Free Trade is not the solution
"I was wrong on free trade", says Stephen Byers, British Labour MP and former trade secretary. He realised that the policy of unfettered free trade is indeed a great handicap for developing nations and may be what keeps them in poverty, rather than helping them get out on their own steam. "....there are an increasing number of countries in which full-scale trade liberalisation has been applied and then failed to... [read more]
June 18, 2003 - Sepp Hasslberger

Seeds of Change
Is time "speeding up"? Paul Loeb says it certainly seems so. We hardly have time to think. And he says we should take back some of that time we lose every day just making the money to survive. I agree that we should do so, but in fact we should really be re-inventing our economy and in that way sow the seeds of change for a new world. "As powerful... [read more]
October 02, 2003 - Sepp Hasslberger

UsuryFree Community Currencies
This article is being posted to Bloggers Parliament as a suggested solution to the problem of Economic imbalances/Money, in recognition of the fact that our current monetary system is deeply inequitable, leaving the producers of value (all of us who work) with crumbs, while a large part of the resources produced is automatically transferred to those who happen to have accumulated the greatest piles of monetary resources. Tommy-Usury: Free reports... [read more]
November 22, 2003 - Sepp Hasslberger

Canada: Class Action Accuses Banks of Illegal Creation of Money
John Ruiz Dempsey, criminologist and forensic litigation specialist filed a class action suit on behalf of the People of Canada alleging that financial institutions are engaged in illegal creation of money, reports Tom Kennedy, a Canadian activist for economic reform. One of the best kept secrets is the mechanism of money creation in today's economic system. Although not really a secret at all, the fact that money is created not... [read more]
April 19, 2005 - Sepp Hasslberger

An Economy Of The Commons - Economic Law, Ethics, and Paradox: Is There a Way Out?
The concept of a "commons" as a piece of land or other resource open to use by several members of a community, although not owned by any one of the users in particular, comes to us from English history. Could money be considered as part of the commons? Wikepedia, an expression of what we might call the "information commons" says in this article it could: Commons are a subset of... [read more]
April 30, 2005 - Sepp Hasslberger




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