Microfinance is a topic i've touched upon before on this site (See June 17, 2008 post). In this turbulent time, Microfinance borrowers believe it or not but are still paying back their loans despite the credit crisis.
Microfinance is an effective, long-term solution to ending poverty that empowers poor families with the financial resources they need to improve their lives.
But there is an urgent need to expand these services. Right now, microfinance is only reaching 10-20% of the estimated 500 million people who would benefit from these life-changing opportunities.
As you'll see in the two-minute video, microfinance has the power to improve the lives not just of individuals, but of families and entire communities around the world.
~ ACCION Video Link courtesy of Youtube
Wednesday, January 28, 2009
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