Wouldn't it be radical if when failing companies cry poverty, instead of socializing greed and bad management with bail out packages, they are given direction to the opportunities to raise capitol via micro-financing? Wouldn't it be neat if instead of a tax refund Americans were given certificates or loan vouchers to be used in a targeted program along the lines of a regional micro-finance?
Kiva.org is an example of one of the greatest innovations I have seen in my life time. As a growing number of investors find meaningful reward lending in this way, micro-finance is gaining momentum.
Organizations like Kiva are part of the present and future that can be scaled up to weave the economic fabric that risk-avoidant traditional financiers can not. This development serves the entrepreneurial spirit that fortifies economics and communities. Fascinating.
Kiva.org has a global mission to end poverty. They have lent over 6 million dollars in small sums ranging from 300-5000 and have aggregated the lending pool to meet funding needs of entrepreneurs all over the planet.
I am curious from a systems perspective how this technology can be used in economic stimulus at home. What do you think?
Kiva.org is an example of one of the greatest innovations I have seen in my life time. As a growing number of investors find meaningful reward lending in this way, micro-finance is gaining momentum.
Organizations like Kiva are part of the present and future that can be scaled up to weave the economic fabric that risk-avoidant traditional financiers can not. This development serves the entrepreneurial spirit that fortifies economics and communities. Fascinating.
Kiva.org has a global mission to end poverty. They have lent over 6 million dollars in small sums ranging from 300-5000 and have aggregated the lending pool to meet funding needs of entrepreneurs all over the planet.
I am curious from a systems perspective how this technology can be used in economic stimulus at home. What do you think?
Comments
Radical indeed! And your idea of using microfinance as a mechanism of economic stimulus seems like a great one to me. In particular because it would be money into the hands of people who would use it for productive ends--for things that would help them to grow their own business, create new jobs, etc.
Ryan
www.seattlemicrofinance.org