0

Kiva and Micro-credit cut across political lines

user-pic
One of my favorite aspects of micro-credit is that it appeals to liberals and conservatives, evangelical Christians and Atheists and pretty much anyone who believes people have a right to try to lift themselves out of poverty. Two unlikely "bedfellows," Bill Clinton and Fox News' Greta Van Susteren, sing the praises of Kiva and Micro-Credit. Here are some snippets of their conversation. The link to the full transcript is here.

clinton.jpg

CLINTON: Kiva.org gives you a chance to do what Muhammad Yunus won the Nobel Peace Prize for last year. And for 30 years he was one of the world's great micro-credit lenders. He made over 7 million loans, 97 percent to village women with a 98.5 percent payback rate.  And over half of the people he loaned money to worked their way above the international poverty line...

For as little as $25, you can actually go on this website, pick a, let's say, guy running a garage in Afghanistan, and contribute money, and you see the effect of your money.

Then they pay your money back, and when you get paid back, you can either turn around and loan it to someone else, or take it back.

VAN SUSTEREN: I've done that, actually, and it's fun.

CLINTON: It is fun, isn't it?

  • Digg it!
  • Add to Del.Icio.Us
  • Add to Technorati
  • Stumble It!
  • Google Bookmarks
  • Facebook
  • Add this post to Reddit
  • Sphere

0 TrackBacks

Listed below are links to blogs that reference this entry: Kiva and Micro-credit cut across political lines.

TrackBack URL for this entry: http://b4bcommunity.org/cgi-bin/mt-tb.cgi/30

Leave a comment

About this Entry

This page contains a single entry by ErickB published on April 9, 2008 4:06 PM.

Senerita's Story - Senerita Lilli will be visiting from Samoa was the previous entry in this blog.

Over 90% of Small Businesses Support Charitable Organizations is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.