Learn Good: Microfinance
When I think of donations many things come to mind. Donation jars at grocery stores to help pay for various treatments, writing checks to support organizations, and even giving money to a homeless person on the street. These methods all have their strengths and weaknesses but share some common flaws. What if someone really wants to have an impact but doesn’t know if they can afford to give much money or can not volunteer? One solution is loaning money, however how much trust and reliability is there in getting money back? It might be easy to get money back from a local family or a friend, but what if you want to help someone struggling states, countries or continents away?
Microfinance has risen as a new way to help people but, at the same time, allow people to secure their own finances. Read the rest of this entry »
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