We often associate charity and aid as humane and noble actions like monitory Aid for African nations or a donation to a charitable organization. But if we closely look at the effectiveness of monitory aid like in African nations it has barely lifted them out of poverty and worse yet it even increased the poverty rate. The most effective way people can get out of poverty is by providing an economic opportunity to make them self reliant. What I mean is instead of providing a day's meal why not help them become self-sufficient and all is needed a micro finance to jump start them.
I came across this Non-profit effort to address the issue I mentioned above. The way it works it you make a micro lending (like $25, $50 or what ever) to a individual you choose in a developing country and in a agreed term he has to pay you back. The risk could be a possibility of non-repayment as the business are very small and tend to operate in a fluctuating markets. All along you are posted of the progress of his operations.
If interested here is the link to Kiva.org
http://www.kiva.org/
Venkat
I came across this Non-profit effort to address the issue I mentioned above. The way it works it you make a micro lending (like $25, $50 or what ever) to a individual you choose in a developing country and in a agreed term he has to pay you back. The risk could be a possibility of non-repayment as the business are very small and tend to operate in a fluctuating markets. All along you are posted of the progress of his operations.
If interested here is the link to Kiva.org
http://www.kiva.org/
Venkat
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