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Micro-loans made to third-world entrepreneurs are changing lives and fortunes around the world. CNBC published an article on success stories on Kiva’s microfinance loans here.
The Kiva wesite was founded by Jessica and Matt Flannery. They were newly weds - he a software engineer, she an MBA student at Stanford - who were convinced they could use the Internet to put people in need together with people willing to help. Anyway, this is how Kiva works.
Interested in posing a question to one of the leading thinkers in the sphere of international development: Nancy Birdsall, co-founder and president of the Center for Global Development. “CGD is an independent, not-for-profit think tank that works to reduce global poverty and inequality by encouraging policy change in the U.S. and other rich countries through rigorous research and active engagement with the policy community”.
Birdsall has spend most of her working career at the World Bank and her latest position was director, policy research department. From her vast experience at the World Bank she has first-hand knowledge on all ins and outs on how international institutions work. In her current position, she is able to present alternatives and cooperative ideas for the development community as a whole, with no vested interests.
If you are interested in asking her a question you can find instructions at the Managing Globalization blog of Daniel Altman.
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According to research conducted by the Center of Global Development (a think-tank), the Netherlands has the most effective policies to help the developing world. The report grades 21 rich countries on how well they support development. Each is assessed on seven areas including aid, trade, migration and the environment.
Netherlands is shortly followed by Denmark, Norway and Sweden. However there is still much room for improvement. Needless to say, rich countries can never do too much in improving the life of the lesser gifted ones.
Netherlands must make great improvement in the area of
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Today I watched a very inspiring speech given by Muhammad Yunus (Founder and Managing Director, Grameen Bank; 2006 Nobel Peace Prize Laureate) at the Council on Foreign Relations on Microcredit. Anyone interested in Microfinance and economic devleopment, please check out this inspiring speech of Muhammad Yunus.
Basically Microfinance envisioned providing financial services such as Microcredit, Microsavings, or Microinsurance to the poor people in this world, in order to empower those people to become self-sufficient. Amongst others I really like the Microcredit peer-to-peer business idea by Kiva. You and I can provided small loans to entrepreneurs in developing countries.
In 2005 The Economist already published a special survey on Microfinance. In a previous post I already wrote about Kiva.
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