Making micro loans to people in third world countries

[Diego Mamani]

[quote=carlsbadworker]Micro loan is the best idea for charity. I only wonder why economist didn’t come up this idea earlier.[/quote]

Whether this is charity or not is debatable, but economists did think of this many years ago:

http://en.wikipedia.org/wiki/Muhammad_Yunus

[EconProf]

A growing cohort of economists doing studies of third world development are coming to the conclusion that foreign aid does more harm than good. It entrenches dictatorships and bureaucrats, stifles self-help, undermines naturally occurring markets, and has a clear empirical record of failure. A recent study comparing African countries who got a lot of aid over the years to those who got little or none, found the latter group did far better.
Micro loans foster capitalism from the ground up. The entrepreneurs who take advantage of it, usually women, have to show a plan, execute it, and suffer peer pressure if they don’t repay. A great way to fight poverty.

[EconProf]

A growing cohort of economists doing studies of third world development are coming to the conclusion that foreign aid does more harm than good. It entrenches dictatorships and bureaucrats, stifles self-help, undermines naturally occurring markets, and has a clear empirical record of failure. A recent study comparing African countries who got a lot of aid over the years to those who got little or none, found the latter group did far better.
Micro loans foster capitalism from the ground up. The entrepreneurs who take advantage of it, usually women, have to show a plan, execute it, and suffer peer pressure if they don’t repay. A great way to fight poverty.

[EconProf]

A growing cohort of economists doing studies of third world development are coming to the conclusion that foreign aid does more harm than good. It entrenches dictatorships and bureaucrats, stifles self-help, undermines naturally occurring markets, and has a clear empirical record of failure. A recent study comparing African countries who got a lot of aid over the years to those who got little or none, found the latter group did far better.
Micro loans foster capitalism from the ground up. The entrepreneurs who take advantage of it, usually women, have to show a plan, execute it, and suffer peer pressure if they don’t repay. A great way to fight poverty.

[EconProf]

A growing cohort of economists doing studies of third world development are coming to the conclusion that foreign aid does more harm than good. It entrenches dictatorships and bureaucrats, stifles self-help, undermines naturally occurring markets, and has a clear empirical record of failure. A recent study comparing African countries who got a lot of aid over the years to those who got little or none, found the latter group did far better.
Micro loans foster capitalism from the ground up. The entrepreneurs who take advantage of it, usually women, have to show a plan, execute it, and suffer peer pressure if they don’t repay. A great way to fight poverty.

[EconProf]

A growing cohort of economists doing studies of third world development are coming to the conclusion that foreign aid does more harm than good. It entrenches dictatorships and bureaucrats, stifles self-help, undermines naturally occurring markets, and has a clear empirical record of failure. A recent study comparing African countries who got a lot of aid over the years to those who got little or none, found the latter group did far better.
Micro loans foster capitalism from the ground up. The entrepreneurs who take advantage of it, usually women, have to show a plan, execute it, and suffer peer pressure if they don’t repay. A great way to fight poverty.

[Zeitgeist]

I think these are terrific ways to encourage independence.

[Zeitgeist]

I think these are terrific ways to encourage independence.

[Zeitgeist]

I think these are terrific ways to encourage independence.

[Zeitgeist]

I think these are terrific ways to encourage independence.

[Zeitgeist]

I think these are terrific ways to encourage independence.

[svelte]

kiva.org is the best use of the internet I have ever seen. Truly it is. I am signing up as soon as I get home tonight.

Not only that, but I’m telling everyone I know (and I rarely mass email anything).

Thanks so much for sharing this with us…the amount it helps worldwide is immeasurable. I want to be a part of that.

[svelte]

kiva.org is the best use of the internet I have ever seen. Truly it is. I am signing up as soon as I get home tonight.

Not only that, but I’m telling everyone I know (and I rarely mass email anything).

Thanks so much for sharing this with us…the amount it helps worldwide is immeasurable. I want to be a part of that.

[svelte]

kiva.org is the best use of the internet I have ever seen. Truly it is. I am signing up as soon as I get home tonight.

Not only that, but I’m telling everyone I know (and I rarely mass email anything).

Thanks so much for sharing this with us…the amount it helps worldwide is immeasurable. I want to be a part of that.

[svelte]

kiva.org is the best use of the internet I have ever seen. Truly it is. I am signing up as soon as I get home tonight.

Not only that, but I’m telling everyone I know (and I rarely mass email anything).

Thanks so much for sharing this with us…the amount it helps worldwide is immeasurable. I want to be a part of that.

[Author]

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