The ONLY Good Thing To Evolve Out Of Capitalism.....
Posted: Wed Sep 08, 2010 10:42 am
http://en.wikipedia.org/wiki/Microfinance" onclick="window.open(this.href);return false;
Microfinance and Microcredit.
Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
More broadly, it is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[1] Those who promote microfinance generally believe that such access will help poor people out of poverty.
I've seen a couple or documentaries on this phenomenon and am convinced it does good for everyone involved. Poor Ecuadoran sandal makers get microloans (as low as $25) from fat Americans and Europeans to grow their businesses and alleviate poverty in their Third World situations.
Macro-capitalism has shown its flabby ass in the last five years to be nothing but abusive and exclusive. This is going back to the basics and, instead of filling Z's and 89Hens' pockets with cash so tehy can buy that new Camaro for their daughter for college, it helps a small entrepeneur feed his or her family and become successful in his or her eyes.
"Yes, with money from Mr. traverinman and Capitan Gato, I buy table so rats no eat tangerines!"
Microfinance and Microcredit.
Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
More broadly, it is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[1] Those who promote microfinance generally believe that such access will help poor people out of poverty.
I've seen a couple or documentaries on this phenomenon and am convinced it does good for everyone involved. Poor Ecuadoran sandal makers get microloans (as low as $25) from fat Americans and Europeans to grow their businesses and alleviate poverty in their Third World situations.
Macro-capitalism has shown its flabby ass in the last five years to be nothing but abusive and exclusive. This is going back to the basics and, instead of filling Z's and 89Hens' pockets with cash so tehy can buy that new Camaro for their daughter for college, it helps a small entrepeneur feed his or her family and become successful in his or her eyes.
"Yes, with money from Mr. traverinman and Capitan Gato, I buy table so rats no eat tangerines!"
