Microfinance, Microloans and Microcredit
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Comment by chris macrae
Author: chris macrae (21)
Date posted: Tue, 17 Jun 2008 13:12:16 PDT
Edited: Tue, 17 Jun 2008 13:14:31 PDT
Comment on: Simplifying MIcrofinance (0)
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whilst in jamaica, this Q&A with Yunus seems a natural to post before we go up to 6th grade:
How should a micro lending organisation measure its effectiveness?
First, it should be self-reliant, cover all its costs; it should have impact on the family by seeing that the family's income level is moving up.
Children, the next generation, are getting better prepared and educated than the last. These are the basic features to strive for. Micro credit is to help people get out of poverty. It's not something to make money out of poor people.
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