Micro Loans

Micro loans (microfinanace, microcredit) are saving the day for many people in poverty. These loans have a low default rate and can be as little as the few dollars in your pocket. These loans are also a way for you to make a difference and see it in the lives of poor people around the world.

Here some commentary on microloans from youtube:

1) MicroLoan Foundation: Entrepreneurs in Africa http://www.youtube.com/watch?v=jbt9YD6ZEAs

[Women are mentioned because of a much higher repayment rate in this location].

2) Problems in Microfinance  http://www.youtube.com/watch?v=J4wxo5IHpT0&feature=related