Teams of people are passionately working to eliminate global poverty - and they’re seeing unprecedented success. Sound too good to be true? It’s not. The solution is called microfinance, and it’s empowering the world’s poorest people on a massive scale.
The idea is simple: Give someone enough money to invest in their own small business, and use their social capital as collateral to handle the risk. Groups of women accept individual loans in a group agreement and help cover for each other in the case of personal emergencies.
Money donated to microfinance is continually effective because it keeps on giving. After your five dollars helps one family get food on the table and children in school, the money is reloaned to the next family in need. Best yet, the system is profitable for investors and enables banks to contribute millions in capital.
This is a shining success for humanity and a great opportunity to contribute your own intelligence, creativity, and resources. A flourishing global community is within our grasp. Do your part - help spread the word!
Google Video: Grameen Foundation - Microfinance (15 min. Invigorating Documentary)