This Just In: 2005 Is the International Year of Microcredit
Actually, it was decided in 1998. If you'll recall, microcredit is when folks give money to poor folks in developing countries and let them work their own way out of poverty. Sounds simple, yet for some reason is not the normal way to handle development. (The specifics is that people are given small loans, usually less than $200, to buy a few goats or cows or sheep or to start a weaving company or to build a corner store in their village and the majority of the microloans are repaid and they tend to go to entrepreneurial women as opposed to male government fat cats.)
Here's the official website (cause everyone needs one).
Here's the official library of info leading up to the year of microcredit (cause the UN is great at creating a paper trail).
Actually, it was decided in 1998. If you'll recall, microcredit is when folks give money to poor folks in developing countries and let them work their own way out of poverty. Sounds simple, yet for some reason is not the normal way to handle development. (The specifics is that people are given small loans, usually less than $200, to buy a few goats or cows or sheep or to start a weaving company or to build a corner store in their village and the majority of the microloans are repaid and they tend to go to entrepreneurial women as opposed to male government fat cats.)
Here's the official website (cause everyone needs one).
Here's the official library of info leading up to the year of microcredit (cause the UN is great at creating a paper trail).
