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!
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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
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November 22, 2003 - Sepp Hasslberger
Canada: Class Action Accuses Banks of Illegal Creation of Money
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