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Change the World with Twenty Bucks
Microloans have been helping out around the world for years: see Kiva.
In one instance, the recipient was selected for a loan under $100. Although only about 70% of the loan was repaid, it was accompanied by a thank-you letter from the SB recipient, who was so grateful, that the money was paid back just after the designated time period. And, the fact is that most microloans are paid back in-full.
Assessment
Small business is how most citizens of third-world countries make a living.
Supporting business and growth by supplying microloans is an import thing. But, to personally help keep a sustainable source of food on the table for these families is the real satisfaction that all medical professionals should experience – at least once – on some level of participation.
Conclusion
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Filed under: Funding Basics | Tagged: charitable giving, Kiva, Micro-Loans | Leave a comment »
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