Micro Loans Make a Difference


"This year the father of micro-finance and founder of the Grameen Bank
won a Nobel Peace Prize for his work in inventing and promoting
micro-loans in the developing world. A micro-loan is as little as a few
hundred dollars invested into a one-person business with minimal
qualifications. That tiny borrowed amount can launch a vegetable stand,
repair shop, or bicycle taxi — a living in other words. As each
micro-loan is repaid (and most are), the effects of that small goodness
are amplified and leveraged by being loaned out and invested again and
again. Micro-loans are the world’s only perpetual motion machines…"

Kevin Kelly


Print it in Moleskine MSK format
This entry was posted in Personal. Bookmark the permalink.

One Response to Micro Loans Make a Difference

  1. Don Murphy says:

    Not quite the only perpetual motion machines. The Church of Jesus Christ of Latter Day Saints has a program that makes loans to individuals in developing nations for education purposes. When they repay the loans, the money is then loaned to others needing an education. The name of this program is, appropriately enough, the “perpetual education fund.”

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Notify me of followup comments via e-mail. You can also subscribe without commenting.

I accept Privacy policy and Terms of use