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What do you think of micro-loans?

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Home » Discuss » Topic Forums » Poverty Donate to DU
 
Boojatta Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:12 AM
Original message
What do you think of micro-loans?
For example, is anyone here familiar with this organization?
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Arkansas Granny Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:24 AM
Response to Original message
1. I've been making loans through Kiva for a couple of years now.
My experience with Kiva has been very positive. I've made a total of 16 loans to date. All have been repaid in full except for 3 recent ones that are still active. The organization got a big boost when it received the recommendations of Bill Clinton and Oprah Winfrey.
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:31 AM
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2. I think Kiva is a great organization
We have a DU team there.
Join us if you so feel inclined!
http://images.kiva.org/team/democratic_underground
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old mark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:33 AM
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3. One of my nephews works with an organization in Peru-one of his main
jobs is getting micro loans for people there who have or are starting a small business. Sometimes only a few dollars can mean success and help a family rise above poverty. And there is a LOT of real poverty in South America.
He loves it.
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:40 AM
Response to Original message
4. Dupe nt
Edited on Sun Mar-27-11 11:48 AM by Mojorabbit
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-11 11:41 AM
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5. DU burp nt
Edited on Sun Mar-27-11 11:47 AM by Mojorabbit
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