Become a micro-financier
Posted on Dec 22 2006 | Tagged as: faith in action, justice
I am always inspired by innovative ideas and vision especially when they address issues close to the heart of God. Micro-finance is one of those ideas. In October of this year it was announced that Muhammed Yunas (founder of Grameen Bank) was selected as the recipient of the 2006 Nobel Peace Prize. Since then there has been considerable attention given to the concept of micro-finance, and as a result many organizations working in this area are receiving more exposure. If you are not familiar with the concept of micro-finance I have included a few links and a video (16 min. documentary) below.
My business finance background finds this whole concept very intriguing. I have come to appreciate one organization that allows participants to finance entrepreneurs directly through the technology of the web. Through this organization you can setup an account, select an entrepreneur or small business owner online, provide a micro-loan, receive updates on your loan, get repaid, and loan again. Check out Kiva.org and you can become a micro-financier within minutes. As you can read below the power of a very small loan can make a huge impact in the life of many in the developing world.
Resources:
- Great educational video (16 min. documentary) from Grameen Foundation
- The hidden wealth of the poor - The Economist
- Small Loans, Big Goals - Christianity Today
- The Nobel Peace Prize 2006 - Muhammad Yunus and Grameen Bank
- Basic Facts About Micro-finance - UNCDF
- Opportunity International - Christian Organization
- Grameen Bank - Nobel Peace Prize Winner 2006
- Take Tiny Loans to the Next Level - Business Week
