posted by devonwhittle on Mar 24, 2008
What microloans are missing
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People love micro-credit. People love micro-credit. People LOVE micro-credit. Did I make my point? Seriously, the more people I talk to, the more people I find who are infatuated with micro-lending. This is especially for ‘compassionate capitalists’, who see it as a great alternative to all that darn free money that’s handed out. See here for one reason why more then just micro-credit is needed.
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2 Comments, Comment or Ping
Englephat
Interesting article there Dev. Hopefully more people begin investing in businesses and activities that will have a greater positive impact on society as a whole, instead of just a small minority. The fact that many businesses are missing out just because they aren’t in the poorest category is a bit sad. Reminds me of all the towns and cities who missed out on foreign aid after the tsunami because everything was going to Aceh!
Mar 26th, 2008
devonwhittle
That’s true Engle. It’s a shame when good development ideas turn into fads. Good development requires a variety of different programs and ideas to succeed.
Mar 26th, 2008
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