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To: sonsofliberty2000

Last year my church ran a presentation about this "micro-lending" work. It is way cool. It doesn't take much money to set someone up in a small business in much of the "third world". Shoe makers, vendors, artisans - these were the people who would borrow a couple of thousand $ or so and get themselves started. Had a good success rate and was making money on the loans (the rates are quite low). I remember thinking at the time I saw this that the person who thought this up and then had the courage to actually try it ought to get some real recognition for doing good in the world. I guess he has.


16 posted on 10/13/2006 6:44:43 AM PDT by scory
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To: scory
I'm thinking that the avwrage loan is far less than a 'couple of thousand $', scory. Or perhaps it started out that way - $100-500 is a stunning amount of money over there, especially in the rural cttage industries where Grameen got its start. ...

these were the people who would borrow a couple of thousand $ or so and get themselves started

21 posted on 10/13/2006 7:21:44 AM PDT by Ready4Freddy (We didn't have air conditioned schools, we had ROCKS! And we LIKED it!! ;>)
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