Microfinance

We wanted to do something to help the developing world. We figured out what we could afford to spare and divided funds equally between two choices: Kiva lets you make no interest loans to individual people in developing countries, and the Grameen Foundation has a completely novel approach to microcredit that earned a Nobel Peace prize for itself and founder, Muhammad Yunis of Bangladesh. If you invest in someone through Kiva you get your money back eventually; if you give to Grameen you are donating to the developing world.

I thought it worth blogging in case others are interested in doing something like this.

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2 Responses to “Microfinance”

  1. pygalgia Says:

    a very good pair of causes. I may “borrow” this.

  2. whig Says:

    By all means, I think they are worth supporting and that means promoting too.


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