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Lucka 22: Microloans – Can you and I empower the poor?
Kiva - The Pedro Story. Picture:zipckr
Micro-credit – the once glistening halo of the proposed panacea for poverty – seems to have all but lost its shine. But as many microfinance institutions (MFI) have caused scandals world-wide there is an alternative. In order to avoid ludicrous interest rates, companies are now offering you and me to become personal investors of underprivileged people around the world. Would you like to support a farmer in Bolivia? Or perhaps a shopkeeper in Tanzania? Have your pick! Could this be a viable alternative to traditional MFIs?
By: Benjamin Sjögren Read more