Hello,
Following a discussion started in another thread:
Actually I just invested some money at
www.kiva.org a financial investment sure to generate a negative real rate of return. (Figured they could use a plug here -- if one is rich enough to gamble in the market....)
, I think it is a good idea to split a new topic to continue this interesting discussion.
Feel free to comment and to add more if you have any insight about the topic of microcredit.
Oh wow!
I've heard a lot about micros credit, mostly from Bangladesh
This is really something I have admired since the first time I heard about it, and was so happy when that "banker" Muhammad Yunus received the Peace Nobel price!
We heard so much about the opposite: greedy people lending money to poor people and taking their kids to make them work till the loan was reimbursed, which meant never.
I saw those poor little boys diving for shrimps and I never bought shrimps from that country anymore, which I did before, thinking I was helping....
But I would never have thought individuals could participate.
I spent a lot of time on the kiwa web site.
How have you come to really trust this particular organization?
Your rate of return will probably not very high in $$$, but I'm sure it will be the best investment you ever did in your life!
I don't think I need to tell you "Good luck" anymore!
Louise
